What a powerful article! in the Nonprofit Quarterly, from research conducted by the Nonprofit Finance Fund. Its assessment of diversification of revenue services (two sources are better than one but three are not necessarily better than two) and of the impact of government funding (less “profitable” than other sources–apparently calling something a partnership, public-private or otherwise, doesn’t automatically make it a source of equal benefit to all participants) are both useful. But most thought-provoking and valuable is the observation that buying a building is often a snare and a delusion and will leave most agencies suffering from a crippling shortage of liquidity for years to come.
Read and believe.