Let’s admit it, nonprofit organizations are often misunderstood. This according to Shai Goldseein, CEO and Founder of A2Z-filings is due to a number of misconceptions that have been perpetuated by the media and popular culture over time.
Some common myths include that people who work in nonprofits don’t get paid, all nonprofit organizations need donations to survive, and only certain types of people can work in these organizations.
However, the fact is that most nonprofits do pay their employees competitive salaries. Many nonprofits generate revenue through other sources besides donations and there are no restrictions on who can apply for jobs within nonprofit organizations
This blog post will debunk some of the major misconceptions about nonprofit organizations.
Running a NonProfit Is Easy
Running a nonprofit is not necessarily easier than running a for-profit. The regulations and reporting can be just as challenging, especially when a lack of initial brand recognition makes it more difficult to raise money.
It is also important to show results to donors quickly so people stay engaged with what you’re doing and can determine whether or not your work needs their financial support.
It Is Just A Tax Status
A recent study found that nonprofit organizations are actually some of the most financially successful businesses in America, but many people still view them as inefficient and unprofessional. Of course, this is not true at all.
They Don’t Contribute Anything to The Economy
Not true! Nonprofit organizations are an underrated and underestimated part of the economy. They’ve been growing in popularity, but many people still have misconceptions about them. Contrary to popular belief, many nonprofits make important contributions to society that we would otherwise miss out on.
Many think of nonprofits only having a small impact because it’s assumed that their size means these companies can’t grow into anything substantial, but this couldn’t be further from the truth.
We encourage you to explore our website for more information on how you can start a nonprofit.