Associations rely more on alternate funding sources
- October 31, 2014 |
- WILLIAM EHART
Nonprofits have rebounded since 2010 but dues have played small part; groups starting to cash in by aiding member business goals Varroney Hamm Vest More than three-quarters of association income growth since the Great Recession has come from sources other than member dues, an exclusive CEO Update analysis shows. Total association revenue has increased 10.7 percent since 2010, with nondues revenue accounting for 76 percent of the increase, according to tax filings for 2012 and 2013, the latest available. The disparity was most pronounced among individual membership societies. To put the numbers in perspective, nondues income has grown to represent 70 percent of… Read More