Leaders of Canadian Social Impact Agencies (Charities) are constantly challenged to manoeuvre the primary focus (Revenues; Processes; People) of the organizations they steward. They must help their people come to terms with the chaos they experience and its effects on them and the impacts on the organization’s volunteers, whether they are drowning in the “Flood Zones” from being overwhelmed by the volume and speed of activities (velocity) or struggling to hold on to all that is familiar while in a “Wind Tunnel” because all around them seems to be changing. Their ability to Diagnose, Predict and Solve the challenges of growth and fully exploit its opportunities is vital to the success of their people, both staff and volunteers and the organization altogether. The good news… our Stages of Growth X-Ray and Associated processes is designed to help leaders tackle just that.
Contact Us today to discuss your challenges of growth and ways to accelerate organization success and excellence.
Over the last several years we have been applying the work done by James Fischer, co-Founder of the Origin Institute, a research and consulting company out of Boulder, Colorado, to better understand and decipher the patterns, behaviours and the characteristics in Social Impact Agencies (Charities) – and – develop best practices to better navigate the trials and tribulations of organization growth. Enter the Stages of Growth X-Ray.
Is your organization’s growth keeping pace, falling behind or ahead of the curve? Here are some Social Impact Sector highlights to consider:
First, Canada’s charitable sector is the second largest in the world, on a per capita basis, second only to the Netherlands. There are an estimated 170,000 charities in Canada, with over half of those run entirely by volunteers. That said, the charitable sector employs 2 million people and represents 8.1% of Canada’s GDP, larger than the oil and gas or finance industries. By way of example, the estimated not-for-profit payroll in Saskatchewan (alone) is $2.5 billion for 77,051 not-for-profit employees. This according to the Saskatchewan Nonprofit Organizations 2018 Research Study. There are some 2million people employed by Canadian Charities. The top 1% of charities account for 60% of all revenues in the sector.
In 2013, 66% of the total donations made by individuals were from primary donors, defined as the 10% of individuals who gave the most money during the year.
The three types of organizations to which donors gave the biggest amounts were religious organizations (41% of all donations), health organizations (13%) and social services organizations (12%).
When asked about the reasons for donating, the vast majority (91%) of donors said they felt compassion towards people in need. The other reasons often cited include the idea of helping a cause in which they personally believed (88%) and wanting to make a contribution to their community (82%).
Just under 30% of donors reported that they did not give more because they did not think the organizations would use their money efficiently or effectively. Donors aged 55 and older (34%) in particular were more likely than donors between 15 and 34 years (23%) to have this impression.
The top 1% of organizations bring in the majority of charitable revenue.
Contact Us today to exploit your growth opportunities.
Donors; Revenues; Retention
Three key characteristics of fundraising success are Total Number of Donors (new, renewed, and lapsed donor numbers combined); Total revenues and Donor Retention Rate. The current status according to the Fundraising Effectiveness Project stands at:
1. Funding & financial stability
2. Finding qualified volunteers
3. Attracting & retaining members & clients
4. Finding qualified staff
5. Public awareness & communication
HUMAN RESOURCE CHALLENGES:
1. Providing competitive wages to employees
2. Finding experienced board members
3. Volunteer engagement
4. Finding qualified volunteers
5. Retaining qualified volunteers
1. Receiving steady grant funding
2. Receiving steady funding from government
3. Maintaining steady income from donors
4. Establishing & maintaining an operating reserve
5. The ability to fund core operations/overhead
Contact Us today to explore our Stages of growth X-Ray and how it can help your organization overcome the real challenges of growth and exploit growth opportunities.
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bizcon YXE – The Leading Business Growth Conference in Saskatoon, SK
Bizconyxe - a conference for entrepreneurs by entrepreneurs. Check out the speaker line up and sessions early bird registration is on now. And includes the NSBA / BDC - Business Development Bank of Canada small business luncheon. All on October 18. 2 Web Design Square One: Saskatchewan's Centre for Entrepreneurship SREDA - Saskatoon Regional Economic Development Authority Greater Saskatoon Chamber of Commerce DTNYXE Broadway District Riversdale District www.bizconyxe.com
bizcon YXE – The Leading Business Growth Conference in Saskatoon, SK
We are pleased to be a part of http://www.bizconyxe.com/ registration is now open. Other speakers to be announced shortly. includes the NSBA/BDC Small Business Luncheon. Get registered today. 2 Web Design NSBA SREDA - Saskatoon Regional Economic Development Authority Square One: Saskatchewan's Centre for Entrepreneurship On Purpose Events
How do I prevent risky situations from occurring in my business? | Square One
Great advice Shenuka Wickramasinghe and SREDA - Saskatoon Regional Economic Development Authority in our Stages of Growth X-Ray we have discovered that at each stage of maturity there is a corresponding optimal ratio of risk tolerance, we refer to it as Builder/Protector Ratio. This can be extremely insightful and instructive to a thriving business. check our website for related articles. On Purpose Leadership