The Relationship Between Nonprofits’ Revenue Composition and Their Economic-Financial Efficiency
研究了非营利组织的财务效率，发现主要依赖商业收入的机构在管理费用上更高效，而依赖捐赠的机构在筹款上更高效，同时政府资助与整体效率正相关，会员收入则负相关。
We study financial efficiency in the nonprofit sector and document that organizations that rely mainly on commercial revenues are more efficient in managing their overhead and administrative expenses compared with nonprofits that rely mainly on donations. We also record a positive relationship between the extent of a nonprofit’s reliance on donations and its efficiency in generating them. Our findings suggest economies of scale in the nonprofit sector and also a positive (negative) relationship between receiving government grants (membership income) and overall efficiency. We discuss what our findings imply for social enterprises and traditional nonprofits.