Balancing Act: Diversifying Income Without Risking Your (c)3 Status
Nonprofits are often drawn to the idea of being ‘self-sustaining.’ Alternative revenue streams—like charging fees for services or partnering with for-profits—can sound appealing as ways to diversify income. But public charities must maintain broad donor support, and too much revenue from non-donation sources could even put their tax-exempt status at risk. In this episode of …