Nonprofit Budget 2025: Steps, Planning, Examples & Template

While a calculation can be completed for a single program or activity, we highly recommend that these concepts and practices be used throughout a nonprofit. Program-based financial information will be most useful for planning, management, and communications if it is comprehensive, accurate, and used consistently. The Nonprofit Annual Budget Template is designed specifically for nonprofits looking to streamline their yearly financial planning. This template allows organizations to clearly outline and monitor annual financial resources and allocations, ensuring that all funding aligns with their operational and programmatic goals. It’s particularly useful for tracking annual income sources, expenses, and for preparing financial reports that support strategic planning and decision-making processes. Budgeting is not only applicable to profit organizations but also for non-profit ones.

Sample Nonprofit Fundraising Budget

A profit organization’s main objective is to earn profit, whereas nonprofit organization’s primary purpose is to help the needy people by collecting donations and grants. Effortlessly manage your event budget with our free Google Sheets template. Track expenses, allocate funds, and maintain financial control with our customizable template and formulas.

Non Profit Budget Templates – Word, PDF, Excel

This is also sometimes called a “broad scope budget” or an “annual budget” because it gives you a full picture of what the coming year should look like. A nonprofit operating budget template can help you make sure you’ve hit all the bases. Non-profit organizations have different operational activities with profit companies. Thus, it is essential to take note of the incoming and outgoing of the organization’s acquired funds to achieve the objectives as set by the organization. Recurring costs, such as inventory purchases, must be covered before indirect ones, such as office supplies, salaries of employees, and rent. The total amount should not exceed the total accumulated income of the non-profit organization.

FREE Budget Samples to Download

• Effortlessly manage your budget using our free Budget Spreadsheet Google Sheets and Excel template, designed to help you track expenses, set savings goals, and achieve financial success.
• Use a free template to get you started and once you’ve added any unique requirements to it, this can be reused for subsequent budgeting sessions.
• A well-formulated nonprofit operating budget allows for the best use of limited nonprofit resources and focuses on the primary goals and objectives of the organization.
• It’s time to ask yourself some questions about the programs and services your new nonprofit will provide this year.
• Nonprofits have to walk a fine line between funding their fundraising and funding their mission efforts—be sure to think through this balance carefully.
• It can demonstrate how the programs are managed through a budget plan.

One way that board and staff plan for income and https://nyweekly.com/business/accounting-services-for-nonprofits-benefits-and-how-to-choose-the-right-provider/ expenses in the future is by creating a budget. Approval of the annual budget is one of the fundamental building blocks of sound financial management. This free operating budget template can simplify the budgeting process. It can help you organize revenue and expenses, track performance, and make data-driven decisions to support your mission and your organization’s financial sustainability.

Board-Designated Reserves vs. Endowments

• The above template in an example template from Blessings in a Backpack, which is a Non-profit.
• However, you can adapt some of our tips to create other types of budgets.
• Be sure that the workers will receive a right income and the expenses are aligned with the mission of the organization.
• Pleasant green shades on the cells perfectly focus attention, but do not distract from the cold counting.
• You can download slides below and here’s a transcript of this recording.

Nonprofits can keep tabs on their annual program revenue vs. expenses with this easy-to-use nonprofit program-based budget template. Enter fundraising, grant, Top Benefits of Accounting Services for Nonprofit Organizations You Should Know and other income figures to compare your nonprofit’s current budget to your year-to-date actual revenue. This grant proposal budget template caters to nonprofits seeking funding for their organizations. Enter the details of your nonprofit’s year-over-year projected and actual revenue, along with expenses, to compare the former to the latter.

• In this step you will identify which income items are connected to specific program areas and what income can be directed at the organization’s discretion.
• You’ll need a program budget every year, so get your docs in order for the years ahead and plan a clear budgeting process.
• Once everything’s set, finalize your nonprofit budget by appropriately distributing your organization’s current funds to your predicted expense items.
• Some of these costs might be small, but it’s important to keep track of them.
• These documents will be the very basis in making the financial predictions for a certain nonprofit undertaking.
• Creating a budget for the non-profit organization is an essential tool as to the implementation of the financial activities, which keeps the company stable and running.

When you’re just getting started, it’s critical that one of your first steps is to create your nonprofit’s first budget to help you manage both your organization and your finances as it grows. The above template example is of a university that has provided a sample budget made out of actual proposals. A detailed chart is provided in the template keeping in mind the various sources through which revenue is coming in and the sources through which the revenue is going out. So an efficient working budget plan can be made by large organizations using this as an example.

• Reserves are critical to an organization’s long-term sustainability.
• In communicating with your board members, nonprofit leaders, and supporters about how donations are being used, transparency is key.
• It’s ideal for nonprofits looking to maintain transparency and accuracy in their financial records, helping ensure that funds are allocated efficiently and appropriately towards their mission goals.
• Make sure you include them as expenses within your budget, so you can see how your costs change year to year.