Impact
New Profit tracks the progress of organizations it funds against five major focus areas—impact and innovation, growth, leadership and governance, organizational strategy, and metrics. To measure this progress, New Profit has developed a Growth Diagnostic Tool that it uses to assess the development of each nonprofit it funds and to then focus additional support where it is most necessary.
Within the portfolio of nonprofit organizations it supports, New Profit targets a 30 percent compound annual growth rate for revenue and a 40 percent compound annual growth rate for clients served. In 2009, New Profit reported that its portfolio of supported organizations achieved a 35 percent compound annual growth rate for revenue and a 40 percent compound annual growth rate for clients served.
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Famous quotes containing the word impact:
“As in political revolutions, so in paradigm choice—there is no standard higher than the assent of the relevant community. To discover how scientific revolutions are effected, we shall therefore have to examine not only the impact of nature and of logic, but also the techniques of persuasive argumentation effective within the quite special groups that constitute the community of scientists.”
—Thomas S. Kuhn (b. 1922)
“If the federal government had been around when the Creator was putting His hand to this state, Indiana wouldn’t be here. It’d still be waiting for an environmental impact statement.”
—Ronald Reagan (b. 1911)
“Conquest is the missionary of valour, and the hard impact of military virtues beats meanness out of the world.”
—Walter Bagehot (1826–1877)