Many Atlas think tank partners such as the Washington Policy Center are doing great work promoting transparency in government spending, but what about their own spending? What institutional information do you need to share with donors? Just today the Donor Power Blog by Jeff Brooks posted about transparency within nonprofits:
It used to be “transparency” for a nonprofit meant being willing to answer donors’ questions about your finances and inner workings.
Now it means making that stuff publicly available.
What is “the stuff?” Things like relevant tax information (in the U.S. your IRS form 990), annual audit information, and a list of your board of directors.
Volunteering this information on your website lends credence and trustworthiness to your organization. Just yesterday, I spoke to a donor who wanted to know what Atlas’s privacy policy is. For those of you in foreign countries with not-so-friendly governments, having a stated privacy policy could be all the more important. For an example, see Atlas’s privacy policy here.
Nonprofit accreditors such as Charity Navigator also highlight organizations for taking such transparency measures. So practice what you preach and post tax/financial documents today!