What are the best KPIs for nonprofits?
An example of an AI chatbot conversation about key performance indicators for nonprofits.
What are the best KPIs for nonprofits to measure their success?
The best KPIs for nonprofits often include metrics like fundraising efficiency, donor retention rate, and program impact.
Can you explain how to calculate donor retention rate?
Sure! Donor retention rate is calculated by taking the number of donors who gave in the previous year and also gave in the current year, divided by the total number of donors from the previous year, then multiplying by 100.
What is a good fundraising efficiency ratio?
A good fundraising efficiency ratio is typically around 3:1, meaning for every dollar spent on fundraising, the nonprofit raises three dollars.
How can I track these KPIs effectively?
You can track KPIs effectively by using donor management software, setting up regular reporting, and analyzing data trends over time.
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