A centralized mental health support platform can make it easier for youth to find proper support. It also opens opportunities for organizations to collaborate and extend their reach.
Non-profits that have participated in – and benefited from – revenue diversification programs say that they have been able to generate unrestricted revenue that reduces their reliance on the grantmaking cycle. On the other hand, those who run the programs recognize that a significant “mindset shift” is needed for many in the non-profit sector.
Charities and non-profits may find long-term sustainability challenging, given high delivery costs, fluctuating donation patterns, changing community needs, and shifting priorities for funders. One under-explored exit strategy is to merge operations with other organizations. Charities and non-profits, however, need to be aware of their obligations with the Canada Revenue Agency should they choose to go down this route.
Charities and non-profits are often at the whim of economic cycles. When there is a downturn, donations and corporate giving shrink too. In these times, consistent government funding could support and sustain non-profits, but some are concerned the sector could fall by the wayside again.
