9 Best Free️ Google Sheets Nonprofit Budget Templates for 2023

3 Please note that funds relating to Currencycloud’s services are not FDIC insured or protected by the Visa Zero liability protection policy. In line with regulatory requirements, Currencycloud safeguards your funds. This means that the money behind the balance you see in your account is held at a reputable bank, and most importantly, is protected for you in the event of Currencycloud’s, or our, insolvency. Currencycloud stops safeguarding your funds when the money has been paid out of your account to your beneficiary’s account.

Nonprofit Budgeting: Step-by-Step Guide + Free Template

• It’s especially important for nonprofits that may have irregular income streams or seasonal fluctuations in donations.
• Look no further than these nonprofit budget templates, which are designed to help you plan and track your expenses effectively.
• If you don’t have a financial history to review, tally up the expenses you expect to incur.
• Revenue can be one of the more difficult parts of developing a budget – simply because it’s harder to forecast than expenses.
• See how the online fundraising market is changing, what nonprofits are doing, and how you can adapt your strategies for sustainability and growth.
• Ultimately, remember that your budget should categorize revenue by different funding sources and your expenses by program vs. overhead costs.

Involve board members, department heads, program managers, and financial officers. Each stakeholder provides unique insights into the organization’s priorities and operational needs. For example, program managers can offer details about anticipated costs, while financial officers can provide an overview of past income trends. Keep monthly and quarterly tabs on your nonprofit’s cash flow with this all-inclusive, customizable template.

Identify Your Current Nonprofit Goals

A non profit budget is a planning document that nonprofit organizations use to predict probable expenses and allocate the necessary resources for the organization. It details the cost that the nonprofit organization incurs and the revenue that the organization expects to generate throughout the implementation of the project or program. Nonprofits can create a budget for a fiscal year, a fundraising event, or their next capital campaign that can span over the years. A nonprofit organization can craft two primary budgets for specific purposes, including the operating budget and the capital budget. The nonprofit operating budget details the breakdown of annual projected revenues and expenses for the organization.

• Furthermore, you can find nonprofit budget templates from any website that helps you to track the incomes and expenses effectively.
• To help you get started, we’ve created a basic nonprofit budget template to track your revenue and expenses.
• But if you’ve never created a budget or thoroughly reviewed your finances, it can feel overwhelming.
• While there will inevitably be some assumptions in your budget, try to work with real numbers as much as possible.

Types of nonprofit budgets

For this step we recommend that contributed income that is unrestricted or general operating support be assigned to the fundraising category for the analysis. The final analysis will clearly show what program areas require these sources of support and enable leaders to make the all-important decision about how to best attract and direct flexible funds. In this step you apply the allocation methods described above to the various direct costs that are shared between programs, which may include administration and fundraising cost centers. For the earlier office supply example, you would add up how many FTEs work in each program area and calculate a formula as a percent of the total number of staff. These calculations may be automated through the accounting system or completed manually. The formulas should be revisited if there are major changes in the way expenses are used, such as staff reassignments or growth of a program.

These templates are customizable and created in an appropriate format to define all things clearly. This sample budget for nonprofits is a template for an organizational budget for a fiscal year. This includes program expenses, staff salaries, an operating budget and other expenditures. Once finalized you can create the nonprofit budget template in excel to make it easy for you to update next year. The Nonprofit Annual Budget Template is https://nyweekly.com/business/accounting-services-for-nonprofits-benefits-and-how-to-choose-the-right-provider/ designed specifically for nonprofits looking to streamline their yearly financial planning.

Nonprofit Budget Templates: 3 to use NOW in Google Sheets or Excel

This accounting services for nonprofit organizations budget includes expected income, expenses, and funding for a small nonprofit organization. Relay is an online business banking and money management platform that offers no-fee business checking and savings accounts. We’ve already talked about managing your budget with Relay, but we know nonprofit financial management doesn’t stop there. A program budget focuses on the specific financial requirements of a particular initiative or project. Nonprofits must create program budgets to showcase the direct impact of donations and grants. The budgeting process begins by gathering input from the right people.