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)
“Too many existing classrooms for young children have this overriding goal: To get the children ready for first grade. This goal is unworthy. It is hurtful. This goal has had the most distorting impact on five-year-olds. It causes kindergartens to be merely the handmaidens of first grade.... Kindergarten teachers cannot look at their own children and plan for their present needs as five-year-olds.”
—James L. Hymes, Jr. (20th century)
“The question confronting the Church today is not any longer whether the man in the street can grasp a religious message, but how to employ the communications media so as to let him have the full impact of the Gospel message.”
—Pope John Paul II (b. 1920)