AI for Nonprofits: Fiscal Fundamentals

Provide a step-by-step guide on creating an effective budget for a small nonprofit organization. Focus on essential expenses, potential revenue streams, and methods for budget optimization

In light of a decline in government funding, suggest necessary adjustments to our multi-year operating budget to ensure financial stability. Include strategies for cost management and alternative funding sources that align with our long-term objectives.

For a small nonprofit like ours struggling to meet growing community needs, what are some effective targeted expense reduction and revenue diversification strategies we can implement? Focus on sustainable and ethical approaches suitable for our organization.

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