EisnerAmper has launched a proprietary benchmarking tool that compares nonprofit organizations against a database of peers, it announced Thursday.
Called “NFP Insights,” it will enable organizations, donors, grantmakers and others to compare 500,000 nonprofits based on IRS data and filings.
The accounting and advisory firm said NFP Insights can segment organizations by geography, revenue and number of employees, then compare key metrics, including compensation; assets, expenses and other financials; investment manager fees; information technology spend; fundraising data; and more.
“In a difficult economy with never-before-seen fundraising challenges, NFP Insights can give nonprofits a competitive edge with regard to using data and analyzing trends to enhance operations and fundraising,” Candice Meth, national leader for EisnerAmper’s Not-for-Profit Services Practice, said in a prepared statement. “This tool will be particularly attractive to donors, public and private foundations, and donor-advised funds due to its ability to make grantmaking due diligence more efficient and highlight key metrics.”
The tool was designed in conjunction with Compensation Resources, an EisnerAmper Group company specializing in compensation and human resources consulting.
“This is also a great resource for not-for-profit boards and senior leadership for benchmarking executive compensation and understanding the composition of compensation packages for similarly situated executives,” Mary Rizzuti, Compensation Resources managing director, said in a statement.
EisnerAmper is based in New York but has a major presence in New Jersey.