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Budgeting for Nonprofits: How to Cut Costs Without Impacting Staff
ARTICLE | March 28, 2025
Authored by Vasquez + Company
Nonprofits experience financial ebbs and flows from a variety of sources, including grants, donor contributions, and government funding. When resources tighten, it can be all too easy to consider trimming staff. However, high-performing employees are often crucial to the success of an organization’s mission—a particularly important asset worth protecting. Rather than letting talented team members go, many nonprofits have found ways to strategically reduce expenses without sacrificing the people who deliver core services. Below, we explore practical steps that nonprofit organizations can take to make room in their budgets while retaining the valuable staffers who help meet program goals every day.
Read the full article here.
Nonprofits that face budget shortfalls often feel bottom-line pressure that threatens a dedicated workforce. Yet with creativity and due diligence, it is possible to safeguard jobs and ensure that mission-critical services continue uninterrupted.
Our firm provides the information for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. This article is not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided “as is,” with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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Vasquez + Company LLP has over 55 years of experience performing audit, tax, accounting, and consulting services for nonprofit organizations, governmental entities, and private companies. We are ranked among the top 1% of accounting firms by the AICPA and deliver tailored solutions that meet the unique needs of each client.
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