For early childhood education programs, as well as other nonprofits, it is important to know the organization’s “breakeven point.” This is the point at which your expenses and revenue break even, meaning you have enough funding to run your program. Operating a high-quality early childhood education program is expensive. Child Care Aware of America produced…
Tag Archives: Finances
Why Are Financial Goals Important?
Your organization probably has a mission statement and strategies in place for achieving your program goals, but do you also have concrete financial goals? Whether you administer a nonprofit, faith-based organization, or a small business, you have to think about the financial health of your organization. Your mission and program goals are, by definition, tied…