Nonprofits responding to the COVID-19 break are increasing spending on technology, according to a recent survey by BDO USA. The survey found 64 percent of 200 leaders polled in the firm’s Nonprofit Standards benchmarking service say they will invest in new products this year.According to the accounting firm, 61 percent of respondents plan to use investments in technology to improve operation efficiency while 29 percent who say those purchases will assist in the delivery of programs and surveys.
Lack of adequate technology has also hindered businesses’ ability to respond to the pandemic, an opinion voiced by 46 percent. In addition, those providing funding to NFPs are requesting more information on outcomes and impacts, according to 78 percent.
Fifty-six percent said they do not have enough human resources to gather information; 51 percent lack a consistent framework to measure impact; and 49 percent simply do not have the technology to gather information.
Last modified on Monday, 29 June 2020
