More than 12 million people are employed by nonprofit organizations, and public charities alone spend close to $2 trillion annually. With statistics like these, it's understandable why NGOs are placing more emphasis on accountability and transparency. Nonprofits' grantors want to know that their money is being spent appropriately. According to Giving USA's most recent report, foundations, organizations, and individuals gave approximately $450 billion annually in 2019.
Nonprofits frequently underuse the digital tools at their disposal that may help them demonstrate their effectiveness and engage in open communication with grantors. Despite its size and impact, the charity sector still adopts new technologies later than other industries, even though sophisticated data collection and analysis tools are more easily available and less expensive than ever.
ENHANCED EFFICIENCY AND PRODUCTIVITY
The expense of modern technology can appear daunting because nonprofit organizations typically have limited funding. However, efficient use of technology can encourage creativity, boost effectiveness, and improve mission performance, more than justifying the expense and difficulties of organizational change.