Non-profits can use analytics to streamline operations, increase cost efficiency, and optimize financial margin by program. Additionally, one can model and forecast performance through donor trends, resource needs and revenue expectations. These solutions can provide significant benefits to non-profits, including the ability to measure return on donors’ investment. Analytics tools show nonprofits what they are doing well and identifies programs that need to be improve. We do this by carefully examining the client’s initiatives and utilizing the best toolsets to accomplish the desired outcomes. Let us dive into some specific examples.
Analytics can also help improve donor relations by providing more quantifiable data to donors on the impact of their investment, which may then motivate them to give again. Building on that donor example, what if we could blend multiple years of donor data as well as the events these donors attended into one comprehensive dataset. See how a United Way put this into practice with Precision Analytics help.
In another example, food banks play a critical role in your communities by addressing a problem called food security. This term is defined by the availability of food and one’s access to it. A household is considered food secure when its members do not live in hunger or worry about starvation. Food banks analyze which demographic factors contribute to overall picture of food insecurity in a community, city, and/or state level. What if we could display your food banks on a map and show if they are in food insecure areas?