• Nonprofit Learning Lab

5 Proven Tactics to Grow Your Nonprofit Revenue

Updated: Jun 29

This is a guest blog post by Mira Soullen from FundRazr. It has been edited for content.


For nonprofits, the first months of the year are a great time to reflect on lessons learned, and brainstorm new ways to grow our impact and revenue in the future.


At FundRazr, we closely monitor, record, and measure everything related to successful strategies for nonprofit growth. We want to give our nonprofit community access to wisdom, tactics, and high-impact strategies we’ve seen work first-hand.


Here are all the techniques that worked for our community of 6000+ nonprofits— and that we predict will keep driving strong revenue results:


Strategy #1: Reducing seasonal revenue dips will bring you more cash and new donors in no-event months.

Many nonprofits’ revenue depends on planned, seasonal campaigns, like peer-to-peer events, galas, Year-End campaigns, and Giving Tuesday, supplemented by an additional stream of donations via the website “donate button”, newsletters or major donors support.


For many organizations, event-based and seasonal campaign revenues make up 80% of all the funds they bring in. So, if these organizations want to use these strategies for continuous growth, their only option is simply to run more.


The problem is that many organizations can’t run more events or galas. They take a lot of effort, require more staff, and the end result isn’t even always predictable.


Over-reliance on event-based fundraising also creates “revenue dips” – holes in the yearly cash flow you need to operate normally.



For many organizations, event-based and seasonal campaign revenues make up 80% of all the funds they bring in. So, if these organizations want to use these strategies for continuous growth, their only option is simply to run more.


The problem is that many organizations can’t run more events or galas. They take a lot of effort, require more staff, and the end result isn’t even always predictable.

Over-reliance on event-based fundraising also creates “revenue dips” – holes in the yearly cash flow you need to operate normally.


So what’s the solution?


We’re definitely not recommending pausing your peer-to-peer events or galas. They create a strong emotional connection with your community, engage new donors and bring joy.


We suggest coming up with a strong game plan in no-event months. Donate buttons or occasional asks in the monthly newsletters are okay but they are a very passive way to grow your revenue. Here are a few thoughts:

  1. Try microprojects. These are smaller, beneficiary-centric campaigns that share a similar structure and have a high degree of personalization. The idea here is to create a series of fundraising campaigns that run throughout the year and brings in additional revenue. If this sounds like a lot of work, the good news is that it is not true. Because our platform made it super simple to run them, we see five people teams running 30+ microprojects a year! This brings a significant new revenue stream.

  2. Host DIY (Do-it-yourself) campaigns. This is a great opportunity not only to bring revenue but also to amplify your cause. If you currently have advocates or passionate supporters, let them do the fundraising for you. All you need is to enable them with the right technology and tips on how to get started. All the money raised will directly flow to your account. Low effort, high return.

  3. Optimize your “donate” button and form. If your “donate” button and form on the website generate donations, that’s good but not enough! Donation forms should bring in revenue AND generate buzz, spread the word for you. It is a great opportunity for your donors not only to give but also to share your cause with your community.


Strategy #2: Diversify your communication channels to simplify communication and get into the casual conversation zone.


What channels does your nonprofit rely on to connect with existing and new donors? If you’ve been utilizing email marketing to enroll and stay in touch with your donors – that’s great. We recommend going one step further and expanding your channel list because of the new opportunities for engagement and conversation.


Here’s a sample list of places you can stay in touch with your donors and community besides email:


  • Messenger

  • Text

  • Twitter

  • Instagram

  • WhatsApp, Telegram

  • Facebook group


Most of these channels (private chats) are called “dark” channels are there is no visibility to track conversations. It is believed that more than 70% of sharing is currently happening through dark social and not public social media channels as people prefer to share news, updates or recommendations with closed communities in a more private, personalized manner.


These private chats also boast the highest open rate (95% compared to 20-30% email open rate), which means that it is very likely that your message is going to be seen.


What’s the solution?


It is important to have a good strategy in place before you get started. There are some aspects that you need to consider:


Frequency and types of messages. We don’t want to overwhelm people in their private channels with too much information, promotions or asks. It is a place where your donor community should see important updates about the result of your work, their effort as well as the celebration of milestones or upcoming initiatives. Result? A more engaged, involved community that will feel their belonging to the cause.


Building the channel and involving new members. After selecting the platform (ex: WhatsApp, Telegram or Messenger) – small tip: you can create a small poll or survey within your community – you can create a group. Then all you need is continuously promote the group, invite new donors to join it and ask for their feedback. As a result, you will be able to have a two-sided conversation channel with your community with exclusive content available to them on the app installed on their phone (compared to noisy inbox).


Content and tone. Don’t be afraid to show your personality. Now you are in a more casual space and your donors will like to see content such as fun moments, behind the scenes and small updates.


Strategy #3: Experiment with project types

In the last years due to pandemics, nonprofits had to be more creative around the ways to raise money. However, it is more likely that you only scratched the surface of what’s possible in the digital fundraising space.



We know that sponsorship campaigns will not surprise you, however, have you tried a campaign with rewards or a wishlist campaign? The more you try this year, the more likely you will keep your donors engaged, interested and involved in giving.


For example, wish-list campaigns will help you break down your ask into the “wishes” that donors can select and fund. Sounds magical, right? Wishlist items are intended to demonstrate a clear value of a donation. They not only gave $50, but they also fed a whole family in a shelter for a day.