9+ Nonprofit Budget Templates Google Docs, Google Sheets, MS Excel, MS Word, Numbers, Pages, Editable PDF

Program budgets also create a paper trail of accountability, enhancing a nonprofit’s financial transparency. With all those different types of budget forms needed, it can be a big help to have some nonprofit budget templates on hand. So that’s why we’ve put together a list of 7 nonprofit budget templates to help you streamline and simplify your budget-creation process.

Advantages of Having a Budget Plan

• You may already have clearly defined programs, departments, or projects.
• When creating a nonprofit organization budget template, consider common budgeting categories your expenses may fall under.
• You may want to create both types of budgets to help your team stay on track and avoid overspending.
• The best way to ensure your budget is accurate and actionable is to have expert nonprofit financial professionals create it for you—like our team at Jitasa.
• Even the best nonprofit budgets aren’t worth much if you don’t have a good way to stay on top of your spending.

Donations, fundraising, grants—each revenue stream has its perks and quirks! Getting an idea of what these streams bring in will help you see how useful each of them are to your organization long-term. Be sure to include these expenses if the organization needs to rent or maintain a physical location for its operations. If your nonprofit can operate remotely, you may be able to save a considerable amount of money in this category. Let’s dive into the details of a nonprofit operating budget—what https://holycitysinner.com/top-benefits-of-accounting-services-for-nonprofit-organizati/ it is, what to include, and how to put it all together.

• This example shows the estimated expenses and revenues of a nonprofit organization that runs community programs.
• Some people donate money or other things to serve other people, but some provide community service for their community.
• Download it by clicking on the green Download button below the thumbnail of the template.
• Program budgets also create a paper trail of accountability, enhancing a nonprofit’s financial transparency.
• Your nonprofit’s budget will be different, depending on the size, income and expenses of your organization.
• The right nonprofit organization budget template offers clear insights into what’s working and where adjustments are needed.

Travel Expense Report Templates & Vacation Budget Planners

For example, if you are seeking a $10,000 grant with a 75% chance of being awarded, adjusting the revenue forecast to $7,500 accurately reflects the projected income. For some people, the functionalities of a nonprofit organization remain unclear. If you are seeing red, maybe it’s time to look at cutting back on some of those expenses. If your predicted revenue exceeds your expenses, think about where you can use those extra dollars to make a bigger impact. Alongside your water and energy costs, you’ll also need to think about your phone and internet provisions. Record them here and take the opportunity to compare them against what’s available on the market.

#1 Annual Nonprofit Budget Template

• Here you can include revenue from memberships, products, and other resources that you sell alongside your programs.
• The Nonprofit Finance Fund provides a useful template to build out an annual cash flow projection month by month.
• It categorizes your income according to its funding source and your operating expenses according to program and overhead costs.
• The good people at the Wallace Foundation offer a comprehensive, free template to create a nonprofit operating budget.
• This is where the budget becomes an effective management and operations tool for your organization.
• While you might have a comprehensive nonprofit business plan – situations can change, and so will your budget.

This category includes things like educational materials, workshops, and conferences. Does your nonprofit use small equipment, software subscriptions, or office supplies? Ready to see how Givebutter can help you stick to your budget and accomplish your mission? A key part of running a nonprofit is ensuring you have enough funds to sustain your mission throughout the fiscal year.

Nonprofit Budgeting Challenges And How To Overcome Them

That can include a mortgage loan, a vehicle loan, or other lines of credits. It is good practice to monitor your budget every month and compare predicted numbers to the actual figures to look for differences and understand why they occurred. If you are not in line with your projected budget, look at what changed or what could have been controlled. According to Statista, the United States has 1.56 million non-profit organizations as of 2015. For templates exclusively in Microsoft Excel formats, check out our collection of Excel Budget templates.

It is, therefore, ideal to use if you have multiple projects on the go with varying levels of importance and you want to keep an eye accounting services for nonprofit organizations on how each project is performing individually. Additionally, this spreadsheet not only allows you to report on your nonprofit’s progress either on an annual or quarterly basis. The summary table at the very bottom will help you see how you’re tracking as far as year-to-date, and year-to-date budget totals go. The public phase often includes a public kick-off event and a final celebratory gala. Other public phase expenses can include donor recognition, campaign swag, mileage, and more.