Nonprofit 501(c)(3) Business Plans at a Glance

Non Profit Organization Business Plan

Rather than focusing on Return on Investment (ROI) or profit margins, a nonprofit  501 (C)(3) business plan is created to demonstrate good stewardship of funds received in support of the company’s mission. As with any other business plan, a nonprofit business plan will include goals and market needs assessments, along with financials, but the mission of the plan will be to show that those leading the nonprofit organization have the experience, knowledge, and goals in place to manage funds received from any source. Read on to learn more about how a nonprofit organization can benefit from this kind of plan.

Nonprofit Business Plan is created Specifically For:

• Seeking sponsorship, donations, or grants
• Board of directors
• Those looking to start a Nonprofit (501 (C)(3) organization

 Nonprofit Plan Uses

Your nonprofit business plan is not only an excellent way to showcase your organization to potential donors and supporters, but it also offers a guide and roadmap as you look to grow your organization and get the word out about what you provide. Your nonprofit plan will help you determine your needs, your target population, your planned means of funding, and many other very important details. You can then refer to your plan as your approach possible donors or as your review of the next steps in getting your nonprofit off the ground.

Bottom Line

Although your intent is not to turn a profit, your organization still benefits from functioning as a well-organized, thoroughly planned business. Nonprofit organizations, in particular, must be meticulously organized because they ask much from those who donate without promising a material return on investment. The success of the nonprofit, and thus its positive impact, are the focus of donors, and that success depends upon solid planning and execution. A Wise custom Nonprofit (501 (C)(3) Business Plan will help you navigate the many steps required to planning, launching, and nurturing an impactful nonprofit organization.

A nonprofit business is eligible to receive both private and public grants and can apply for tax-exempt status from the Internal Revenue Service. Upon receiving tax-exempt status, the company can then solicit tax-deductible donations, which are critical to fundraising. A Wise business plan specialist can talk you through the process for planning and preparing to run a 501(c)(3).

A professionally written nonprofit Business Plan is key to providing those looking to make large donations with the information they need to commit funds to the project.

The Wise nonprofit Business Plan — written by one of our expert MBA business plan writers — is carefully crafted to meet the unique needs of nonprofit organizations. We also offer a host of additional business plan professional services to make running your nonprofit Organizations easier and less stressful.

The Nonprofit Business Plan is about ~25-30 pages in length, including color charts and graphs, and consists of the following components: