How Much Does It Cost to Hire a Nonprofit Consultant?
Do consulting fees for nonprofits make sense? Should your company be considering employing a consultant, you must be prepared to respond to this inquiry. Most nonprofits will eventually need to hire an expert to help run their organization and raise cash, even though board members are typically reluctant to spend money on such things.
You might be surprised by the return on investment for nonprofit consulting.
Indeed, running a nonprofit organization is a labor-intensive task. Maintaining the alignment of all the moving parts requires constant commitment. Nonprofit employees are often overworked and overwhelmed on some days. Some staff jobs at nonprofit organizations have been unfilled for months or even years, and the pool of candidates to replace them can be small.
Bringing in a different set of expertise from within the organization, seeking outside assistance, and engaging nonprofit consultants can help balance the workload and yield significant benefits.
What Makes a Good Nonprofit Consultant?
When considering a nonprofit consultant for your organization, examine the consultant’s experience and success in:
- Nonprofit size: Small, mid-sized, or large? The right consultant should have worked with similar NGOs.
- Age of your nonprofit: Startup, mature, or in-between? As an experienced organization, you don’t want a consultant who primarily works with startups and may lack strategy-making skills.
- Your desired goal – Staff supplementation? Maybe you want someone to spot issues and offer a solution. You may require someone with fundraising or communications experience.
How Much Do Consultants for Nonprofits Charge?
An average nonprofit consultant fee is contingent upon the consultant’s years of expertise, the industry, and the location of your nonprofit. It would be best to engage a consultant on a retainer, project, or pay-per-hour basis.
For smaller firms, an hourly charge may be the most economical option. However, discuss how the price varies based on the service being rendered or the season. Nonprofit consultants often charge between $75 and $175 per hour.
Nonprofit consultants will provide you with a proposal for the project basis structure – a set price for a predetermined amount of time spent working on a project. It varies according to project complexity and expected completion time.
For long-term initiatives, a retainer consultant may be beneficial. You can pay the consultant weekly or monthly upfront if you anticipate using their services for a month or a quarter. Ask them about any additional expenses that may be involved as well.
Best Nonprofit Consulting Fee Structure Negotiation Tips
- Ensure budget clarity.
- Clearly define the work scope and its impact on your nonprofit.
- Look for discounts on combined services.
- Obtain competitive offers from many firms or consultants.
- Be flexible to receive top-notch nonprofit consulting services.
What are your Thoughts?
Taking your organization and its reach to the next level is made possible by nonprofit consulting. Whether you need help with fundraising, board development, strategy formulation, event planning, volunteering, or anything else, you should contact nonprofit consultants. This blog offers advice on how to begin providing nonprofit consulting services. You can choose whether to work with a nonprofit consulting firm or hire a consultant independently, but you now know what to look for before deciding.