How Nonprofits Get Really Big

Published in Standford Social Innovation Review
By William Foster & Gail Fine

Learn how 144 out of 200,000 nonprofits can grow so large by diversifying the funding. Good case for Asian ngos to ponder how to secure enough fund to grow their organizations and gain the development impact. Since 1970, more than 200,000 nonprofits have opened in the U.S., but only 144 of them have reached $50 million in annual revenue. Most of the members of this elite group got big by doing two things. They raised the bulk of their money from a single type of funder such as corporations or government – and not, as conventional wisdom would recommend, by going after diverse sources of funding. Just as importantly, these nonprofits created professional organizations that were tailored to the needs of their primary funding sources. Click here for read full article