I first missed this New York Times article from March 17, 2008 but I don't want you to miss it. The article focused on a new book by North Western University Professor Weisbrod focused on revenue generating by nonprofits. Three cases were cited in the article: the Metropolitan Museum of Art which generates more than $96 million dollars from revenue sources like parking facilities; the Girl Scouts whose uniforms sales represents 41% of annual budget; and Public Television which generated $4 billion from the sale of stocks for Tickle Me Elmo.
Professor Weisbrod's book sounds more critical than supportive particularly because of the issues around tax exemption. Anyway, this sounds like a good read for all those who are students of nonprofit social enterprise.
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New Book on Nonprofit Revenue Generating
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Thanks Readers!! The number of folks reading this blog has grown steadily. Unfortunetly, this blog host is not able to handle the traffic and I have moved my blog.