Monday, May 2, 2011

Girl Scouts a Model for Nonprofit Fundraising

Inc. Magazine, a monthly publication focused on growing companies, asks the question, "Who ever said that nonprofits can't have an income?"

The National Center for Charitable Statistics estimates that nearly 70 percent of the $1.4 trillion generated by nonprofits in 2008 came from the sale of goods and services. Inc. Magazine points to Girl Scouts as a leader in fund development through the sale of goods. Taking shape in 1917, the Girl Scout Cookie business generates $715 million in annual revenue. Read the entire article for a better understanding of the challenges and tax implications faced by nonprofits.