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Q:
Where can I find examples of nonprofit budgets?
A:

Nonprofits have different budgets for different needs. Given our focus on foundation grants, most of Foundation Center's budget resources are for proposal budgets. You can also find information here about other budgeting tools, such as organizational operating budgets and cash flow forecasts.

Proposal project budget

Keep in mind that there’s no one-size-fits-all budget for grant proposals. In fact, some grantmakers have their own budget format. You can use ideas from examples of nonprofit budgets to create the one that’s right for you.

Take a look at our Proposal Budget sample documents. These examples come from our book, Grantseeker’s Guide to Winning Proposals, which you can buy at our Marketplace or use at our libraries and Funding Information Network locations.

To create your own budget, start with our free introductory class, Introduction to Project Budgets, available as an in-person class or a live/recorded webinar. Build on those basics with a longer-term self-paced e-learning course, Creating a Sound Proposal Budget. Its step-by-step instructions offer templates and plenty of examples. 

All budgets have two common elements: your estimate of the true costs of the project and your anticipated income to meet those costs. Your expenses will be direct costs—any personnel and non-personnel costs that you wouldn’t have if you didn’t have the project--and indirect or hidden costs, also known as administrative costs or overhead. Your income consists of any grants or contributions plus any earned income earmarked for the project, such as ticket sales or fees for services.

Some different approaches to budgeting:

  • Income-based budgets first determine how much income you realistically think you can count on and then include expenses that can be covered by that amount. 
  • Incremental budgets are a percentage increase or decrease of an existing budget.
  • Zero-based budgets start at the very beginning, examining priorities and testing all assumptions about where money will come from and how it will be spent.

Remember a budget describes your project in numbers just as your proposal describes it in words. To create an effective budget, make sure you know your project thoroughly. Many funders will look at the budget component of your proposal before they read anything else.

Other basic nonprofit budgets:

  • Organization-wide operating budgets: For small nonprofits with just one program, the proposal budget and organizational budget might be the same. For larger nonprofits, an organization-wide operating budget accounts for everything the nonprofit spends to carry out, evaluate and administer all its programs and activities.
  • Capital Budgets: Used for construction and other big, one-time spending projects that often take more than a fiscal year to pay for.
  • Cash Flow Budgets (Cash Flow Forecasts): An essential planning schedule that tracks when money is expected to come in and go out.
  • Opportunity Budgets: An expansion planning tool that can be used whenever extra funding becomes available.

As you can see, budgeting is a process. Here is a checklist to help you get started.

Listed below are websites where we've found samples and instructions on creating a nonprofit budget.

Self-paced Training on Budgets

Creating a Sound Proposal Budget
Learn key best practices in preparing a project budget for your funders. $45.

Have a question about this topic? Ask us!

The Foundation Center's Ask Us service is available 24/7 to answer your questions related to starting a nonprofit, finding grants, or other fundraising and management queries. Ask Us Now! >>

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