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Nonprofit Side Hustles (clever cash flow ideas)

No Margin, No Mission | DO MORE GOOD Member Tips

  

Nonprofit Side HustlesDon’t worry, cosmetics, smelly oils and juice cleanse sales are not included in the suggestions below. Check out these clever ways nonprofits are using partnerships and idle income streams to supplement their core revenue channels. Best of all, most of these bring awareness and the opportunity to tell your story to new audiences.

 

Affinity Programs, a.k.a. Referral Revenue

Chances are, many of the vendors you work with have affinity programs where they pay for referrals. Specifically, donor management and CRM software products almost all offer a referral bonus, and often these are paid out based on a percentage of monthly fees creating a year-round idle income stream.

 

Did you know you or your organization can receive $25 for every organization that signs up to be a DO MORE GOOD member? Yep, it pays to spread the good word about the brands you work with.

 

Revenue Share

Similar to an affinity program, you can work out revenue share arrangements with small businesses that you’re probably naturally referring to. For example, many small businesses donate a percent of sales for specific products to charity. They leverage the good work of the charity to make their product or service an especially GOOD deal for buyers.

 

Be the Beneficiary

Someday, people are going to begin gathering again, and with those gatherings come many opportunities for good causes to benefit. Here are a few ways your organization can benefit from clubs and occasions:

  • Suggest volunteers celebrating big birthdays ask for support for your cause in lieu of gifts.
  • Neighborhood/Block parties can take up a collection for your cause.
  • Figure out what concert series or other ticketed events are in your area. They may be interested in supporting your cause in order to broaden their audience.
  • As morbid as it sounds, having a good connection with the funeral homes in your community can help them make the connection for gifts in lieu of flowers to families who haven’t preselected a cause.

Make it in the Marketplace

Even if you don’t operate a resale store, chances are your organization receives donated goods of some sort. Or, do you have a storage space full of miscellaneous junk? If you have goods you’re not using, sell them! Facebook Marketplace and eBay stores are great projects to assign to dedicated volunteers.

 

The Host with the Most

If you have space, consider how you can leverage it through rental income or hosting to raise support. Many corporations would love to have their annual gathering, Christmas party, or board meeting “hosted by” your charity. They may even ask you to give a short talk about your work. It’s a low commitment/high PR-value way for businesses to support your mission. Space is an asset! Make sure it’s working for you and your cause.

 

Careful of UBIT

Activities that are not substantially related to your charitable purpose can trigger Unrelated Business Income Tax (UBIT) and require you to file a 990-T. Check out the IRS guidelines before taking on a low-profit venture that may cost your organization with regard to hoops and taxes.

Nonprofit Side Hustles (clever cash flow ideas)

Don’t worry, cosmetics, smelly oils and juice cleanse sales are not included in the suggestions below. Check out these clever ways nonprofits are using partnerships and idle income streams to supplement their core revenue channels. Best of all, most of these bring awareness and the opportunity to tell your story to new audiences.

 

Affinity Programs, a.k.a. Referral Revenue

Chances are, many of the vendors you work with have affinity programs where they pay for referrals. Specifically, donor management and CRM software products almost all offer a referral bonus, and often these are paid out based on a percentage of monthly fees creating a year-round idle income stream.

 

Did you know you or your organization can receive $25 for every organization that signs up to be a DO MORE GOOD member? Yep, it pays to spread the good word about the brands you work with.

 

Revenue Share

Similar to an affinity program, you can work out revenue share arrangements with small businesses that you’re probably naturally referring to. For example, many small businesses donate a percent of sales for specific products to charity. They leverage the good work of the charity to make their product or service an especially GOOD deal for buyers.

 

Be the Beneficiary

Someday, people are going to begin gathering again, and with those gatherings come many opportunities for good causes to benefit. Here are a few ways your organization can benefit from clubs and occasions:

  • Suggest volunteers celebrating big birthdays ask for support for your cause in lieu of gifts.
  • Neighborhood/Block parties can take up a collection for your cause.
  • Figure out what concert series or other ticketed events are in your area. They may be interested in supporting your cause in order to broaden their audience.
  • As morbid as it sounds, having a good connection with the funeral homes in your community can help them make the connection for gifts in lieu of flowers to families who haven’t preselected a cause.

Make it in the Marketplace

Even if you don’t operate a resale store, chances are your organization receives donated goods of some sort. Or, do you have a storage space full of miscellaneous junk? If you have goods you’re not using, sell them! Facebook Marketplace and eBay stores are great projects to assign to dedicated volunteers.

 

The Host with the Most

If you have space, consider how you can leverage it through rental income or hosting to raise support. Many corporations would love to have their annual gathering, Christmas party, or board meeting “hosted by” your charity. They may even ask you to give a short talk about your work. It’s a low commitment/high PR-value way for businesses to support your mission. Space is an asset! Make sure it’s working for you and your cause.

 

Careful of UBIT

Activities that are not substantially related to your charitable purpose can trigger Unrelated Business Income Tax (UBIT) and require you to file a 990-T. Check out the IRS guidelines before taking on a low-profit venture that may cost your organization with regard to hoops and taxes.

No Margin No Mission

Katie Appold, MPA
Executive Director | DO MORE GOOD

 

This article was originally published as a weekly fundraising tip through the No Margin, No Mission newsletter. To receive these tips and member benefits, sign up at domoregood.org/members.