Los Angeles nonprofit education & consulting firm All Things Non-Profit launched an Earned Income Component (EIC) initiative. Comprised of online and in-person training courses and CSR partnerships, the initiative covers strategy, implementation, and management of earned in-house revenue to support a nonprofit’s programs and mission.
Los Angeles nonprofit education & consulting firm All Things Non-Profit announced the launch of its Earned Income Component (EIC) funding initiative. The multilayered initiative is designed to help nonprofits and NGOs identify, leverage, and manage earned income generation opportunities.
More information about All Things Non-Profit is available at https://allthingsnonprofit.org/earned-income-component.
A report by the Society for Nonprofits identifies a nonprofit’s Earned Income Component (EIC) as a vital part of its fundraising toolkit. The report recommends that all EIC fundraising is preceded by a detailed risk assessment and a thorough understanding of how fundraising aligns with the nonprofit’s mission.
The EIC funding initiative highlights the importance of earned income as a way for nonprofits to legally raise funds and attain financial self-sufficiency. The initiative details EIC as generated from the sale of goods, services rendered, or work performed for individuals or organizations. The All Things Non-Profit EIC funding initiative guides organizations through the steps to establish an income stream, EIC strategy, and short-term and long-term sustainability.
The initiative also focuses on leveraging EIC as a major component of a nonprofit’s income structure, signaling a shift away from grants, charitable contributions, or other third-party sources of income. EIC allows nonprofits to set up consistent funding for its programs and initiatives based on in-house revenue from goods or services.
According to a spokesperson for Sherman Oaks, CA nonprofit bootstrapping firm, “We believe that self-sufficiency through the development of sustainable income streams is a goal every nonprofit should aspire to achieve. We are pleased to launch the EIC funding initiative to guide nonprofits through the process of unlocking hidden income possibilities within their existing operations and the effective management of these opportunities.”
All Things Non-Profit is a bootstrapping firm that supports nonprofits and non-governmental organizations with consulting, training, and marketing solutions. More information is available at All Things Non-Profit.