{"id":9516,"date":"2023-04-07T05:36:06","date_gmt":"2023-04-07T09:36:06","guid":{"rendered":"https:\/\/www.sage.com\/en-ca\/blog\/?p=9516"},"modified":"2026-01-15T11:34:51","modified_gmt":"2026-01-15T16:34:51","slug":"3-key-findings-from-the-2023-nonprofit-technology-trends-survey","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-ca\/blog\/3-key-findings-from-the-2023-nonprofit-technology-trends-survey\/","title":{"rendered":"3 Key findings from the 2023 nonprofit technology trends survey"},"content":{"rendered":"
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\n\t\t\t\t\t\t\tTechnology & Innovation<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t
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\n\t\t\t\t\t\t3 Key findings from the 2023 nonprofit technology trends survey\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t

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In 2022, it seemed like the nonprofit industry had finally managed to bounce back after the pandemic. However, according to the 2023 Nonprofit Technology Trends Report, finance leaders are now expressing concern about the economic uncertainty that lies ahead.  <\/p>\n\n\n\n

To find out more about the current state of the nonprofit industry, its biggest challenges, and trending technology strategies, we surveyed over 600 nonprofit finance executives in the U.S. during the fall of 2022. <\/p>\n\n\n\n

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Download the complete report<\/h2>\n\n\t\t\t\t\t\t\t\t\t
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Free 2023 Nonprofit technology trends report <\/p>\n

<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tDownload now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\"woman\t\t\t<\/div>\n<\/div>\n\n\n\n

1. Impressive revenue gains<\/h2>\n\n\n\n

First, the good news. <\/span><\/span><\/span>In<\/span> 2022, h<\/span>alf<\/span> the nonprofits surveyed<\/span> enjoy<\/span>ed<\/span> an increase in <\/span>revenue <\/span>compared <\/span>to <\/span>2021<\/span>. <\/span>The revenue gains were <\/span>impressive, with <\/span>37% of organizations <\/span>seeing <\/span>an increase of more than 25%. <\/span>When it came to funding sources, g<\/span>overnment<\/span> funding showed the biggest increase, followed by foundation grants.<\/span><\/span> <\/span><\/p>\n\n\n\n

2. Economic uncertainty is a key concern <\/h2>\n\n\n\n

Now, for the not-so-great news<\/span><\/span><\/span>.<\/span><\/span><\/span> When asked about <\/span>the <\/span>external <\/span>challenges organizations are likely to face in <\/span>2023, economic uncertainty was the number one <\/span>concern<\/span>. <\/span><\/span> <\/span><\/p>\n\n\n\n

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Download the complete report<\/h2>\n\n\t\t\t\t\t\t\t\t\t
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<\/p>\n

Free 2023 Nonprofit technology trends report <\/p>\n

<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tDownload now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\"woman\t\t\t<\/div>\n<\/div>\n\n\n\n

3. The role of the nonprofit finance leader<\/h2>\n\n\n\n

In the <\/span>world <\/span>of nonprofit<\/span>s<\/span>, <\/span>being able <\/span>to communicate the impact of your mission to your constituents is <\/span>the <\/span>key to unlocking long-term success and growth. <\/span>In our <\/span>survey<\/span>,<\/span> we asked <\/span>nonprofit finance leaders<\/span> about their <\/span>role in conveying <\/span>that <\/span>story.<\/span> <\/span><\/p>\n\n\n\n

 <\/span>By <\/span>tapping into your organization\u2019s <\/span>data, <\/span>your <\/span>story of mission accomplishment can be made more compelling<\/span> than ever before. A<\/span>nd <\/span>no team is better equipped to do that than your <\/span>finance<\/span> team, who have <\/span>the <\/span>skills and <\/span>metrics <\/span>you need to back that story up<\/span>.<\/span> <\/span><\/p>\n\n\n\n

 <\/span>In our latest findings, around half of the respondents indicated that their finance teams place great importance on documenting transparency and accountability, while also tracking program results. This is a crucial element in communicating to stakeholders that the nonprofit is handling its finances responsibly. <\/span> <\/span><\/p>\n\n\n\n

 <\/span>Beyond that<\/span>, about a third of respondents stated that their finance teams track and measure mission impact metrics. These metrics take storytelling to the next level by bringing together financial and statistical data.<\/span> <\/span><\/p>\n\n\n\n

 <\/span>Nonprofit leaders often <\/span>dedicate <\/span>a great deal of time and effort to operational details and routine reporting and tasks. However, to become more effective and position their organization for success and growth, nonprofit leaders must make strategy a top priority. <\/span> <\/span><\/p>\n\n\n\n

With that <\/span>in mind, <\/span>when we asked nonprofit finance leaders how much time they spent on tactical vs strategic accounting tasks, we found that 66% of respondents say they\u2019re spending more than half their time on tactical accounting work, which doesn\u2019t leave enough dedicated time for strategic and high value work. <\/span> <\/span><\/p>\n\n\n\n

Final thoughts<\/h2>\n\n\n\n

As we move further into 2023, finance leaders in the nonprofit sector are bracing for potential economic uncertainty, which could have a knock-on effect when it comes to operational and program spending.<\/span> <\/span><\/p>\n\n\n\n

With most programs and participation seeing an increase in 2022, cutting costs will mean more difficult\u2014but necessary\u2014decisions for long-term success. This is where automation comes in: leveraging this kind of technology more effectively can help nonprofit executives carve out more time for analysis and forecasting<\/span>,<\/span> and execute more data-driven strategic planning. <\/span> <\/span><\/p>\n\n\n\n

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Download the complete report<\/h2>\n\n\t\t\t\t\t\t\t\t\t
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<\/p>\n

Free 2023 Nonprofit technology trends report <\/p>\n

<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tDownload now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\"woman\t\t\t<\/div>\n<\/div>\n\n\n

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Get a roundup of our best business advice in your inbox every month.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\tSubscribe<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\"\"\t\t\t<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

To find out more about the current state of the nonprofit industry, its biggest challenges, and trending technology strategies, we surveyed over 600 nonprofit finance executives in the U.S. during the fall of 2022.\u00a0<\/p>\n","protected":false},"author":1426,"featured_media":9520,"menu_order":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sage_video":false,"post_featured_image_hide":false,"footnotes":""},"categories":[25],"tags":[167,171],"business_type":[99],"lilypad":[],"context":[],"industry":[138],"persona":[],"imagine_tag":[49],"coauthors":[398],"class_list":["post-9516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology-innovation","tag-business-intelligence","tag-cloud-technology","business_type-medium-business","industry-nonprofit"],"sage_meta":{"region":"en-ca","author_name":"Nancy Master","featured_image":"https:\/\/www.sage.com\/en-ca\/blog\/wp-content\/uploads\/sites\/12\/2023\/03\/BrandShootLDN_Dec2021_Colleague_0590-JPG-Sage-Advice-708x708-2.jpeg","imagine_tags":{"49":"growing business"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice Canada English","distributor_original_site_url":"https:\/\/www.sage.com\/en-ca\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts\/9516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/users\/1426"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/comments?post=9516"}],"version-history":[{"count":0,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/posts\/9516\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/media\/9520"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/media?parent=9516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/categories?post=9516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/tags?post=9516"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/business_type?post=9516"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/lilypad?post=9516"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/context?post=9516"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/industry?post=9516"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/persona?post=9516"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/imagine_tag?post=9516"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-ca\/blog\/api\/wp\/v2\/coauthors?post=9516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}