》Printable Nonprofit Annual Budget Template

For easier navigation through our site, click on the magnifying glass icon at the upper right-hand corner of the page and type the title of the template. Download it by clicking on the green Download 5 Main Benefits of Accounting Services for Nonprofit Organizations button below the thumbnail of the template. Moreover, the non-profit organizations which reported to the Internal Revenue Service had a combined revenue of $2.53 trillion in 2015.

Establish Budget Review Processes

Track your nonprofit’s project-specific budget with this basic template. List income sources and figures in monthly columns to determine month-by-month total income. Enter project expenses in the same month-by-month columns to compare total expenses to total revenue.

Free Nonprofit Program Budget Template

A pie chart provides a quick breakdown view of your resource allocation (e.g., national marketing, local marketing, public relations, social media, etc.). In order for nonprofits to determine how much money they require to operate, they need an accurate way to account for all income and costs. Use this budget for nonprofit project template to determine where you have room to grow and where you might need to cut back. Going through the process of budgeting requires a balance of hard and soft skills.

Operating Budget

When it comes to budgeting, context is essential when considering every item. Think about where your organization is right now, the current donor climate, and your current expense climate. Or perhaps you have other unusual expenses, fund shortages, or fundraising windfalls that you need to make special plans for.

• Before you begin budgeting, establish your organization’s goals and objectives for the upcoming fiscal year.
• Nonprofit budgeting is a crucial aspect of managing a nonprofit organization’s finances.
• Therefore, it can be helpful to establish these first and figure out what’s left.
• In addition to internal management purposes, the annual budget template is also a critical tool for external stakeholders, such as donors, grantors, and regulatory agencies.
• This template allows for precise allocation and tracking of grant funds, ensuring that each dollar is accounted for and spent according to grantor guidelines.

Here are some tips and tools to help ease the pain of building your next budget. For more skill development, coaching and tools, check out StriveTogether’s upcoming courses. A thoughtful budget is not restricted to being an operational tool, it’s a statement of accountability, a roadmap for growth, and a catalyst for change. 3 Please note that funds relating to Currencycloud’s services are not FDIC insured or protected by https://nerdbot.com/2025/06/10/the-key-benefits-of-accounting-services-for-nonprofit-organizations/ the Visa Zero liability protection policy. In regards to Currencycloud’s services when funds are posted to your account, e-money is issued in exchange for these funds, by an Electronic Money Institution who we work with, called Currencycloud.

Tips for Successful Nonprofit Budgeting

At this point, the budget committee should have a draft budget ready and do a thorough review of it. The review should include verifying that the budget is able to meet program and organizational goals. Budget planning includes some degree of forecasting and assumptions and boards should thoroughly vet assumptions before finalizing the budget. They should make any final adjustments based on the organization’s goals and its capacity to match income and expenses as closely as possible. In addition, they should review the final draft against the organization’s goals and objectives.

• Create guidelines for when to adjust projections, shift resources between programs, or implement contingency plans.
• Nonprofit activities are paved with good intentions, but many organizations are unaware of the importance of budgeting when implementing plans and strategies for the coming year.
• Your budget template should serve as both a planning tool and a monitoring system.
• Operating budgets reflects the organization’s planned financial activities for the year ahead, showing how much revenue it expects from which sources and how much it will spend on operations.
• It is common practice to review the budget regularly and compare it to actual cash flow and expenses to see if things are going as planned throughout the year.