The Case for More Overhead, Reserves, and Yes, Debt
Some might say I’m contrarian. Some might be right. In keeping with what some people think, try this on: Charities need more debt. Less revenue diversification. Less leanness, meaning bigger reserves. Higher overhead. That runs directly against what the rating agencies (e.g. Charity Navigator) reward, their implicit model is clean balance sheets, diversified revenue, low […]
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