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A Publication of RINA Accountants & Advisors -- March, 2022

2021 Not for Profit Review

In 2021 charitable giving to nonprofits grew by 9% exceeding nearly everyone’s expectations because 2020 was a record year with charitable giving in the United States reaching $471 billion.


Online giving also grew by 9% compared to 2020. However, the percentage of total fundraising from online giving in 2021 saw a slight decline from 13% to 12%. Small, medium, and large nonprofits in the United States now raise more than 10% of their fundraising through online giving.

Reducing Fraud in Nonprofits

According to the Nonprofit Risk Management Center, many nonprofits make a critical mistake and assume that all fraudulent events will be caught by auditors. 


The fact is that by the time a fraud scheme is uncovered, the financial and reputational damage has likely been done.


Fraud is an unfortunate possibility for any organization – but the fraud considerations in the link below can help protect your nonprofit

An Update on the Shuttered Venue Operators Grant (SVOG) Program

The SVOG program’s mission is to support the ongoing operations of eligible live venues and operators, live venue promoters, theatrical producers, talent representatives, live performing arts organization operators, museums, and motion picture theaters during the uncertain economic conditions caused by the COVID-19 pandemic.


Read the program's latest statistics and audit requirements.

Effective Cash Flow for Nonprofits

While standard nonprofit financial reports – the budget, income statement, and balance sheet – provide important management information, these reports alone do not tell whether there is enough cash on hand to pay for an unexpected heating repair, to take on a new program opportunity, or even to cover payroll next month. For this, effective cash flow management is essential.


What is "Cash Flow"?


Cash flow is simply the mix—and timing—of cash receipts into and cash payments out of an organization’s accounts. It is where the numbers on budget spreadsheets and financial reports translate into the reality of money changing hands. It is a very specific lens on the reality of a business — one that considers not just what an organization’s revenues and expenses look like, but when they come and go.


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