Maximizing Impact: Why Tracking OKRs and KPIs is Essential for Non-Profit Success
In today's world, non-profit organizations are facing increasing competition for resources and attention. To succeed in their mission and make the greatest impact, non-profits must track their progress and measure their results. This is where tracking Objectives and Key Results (OKRs) and Key Performance Indicators (KPIs) come in. By setting clear goals, measuring progress, and regularly analyzing performance, non-profits can stay on track and make data-driven decisions that maximize their impact. In this blog, we'll explore the importance of OKRs and KPIs for non-profits, and highlight real-life examples of non-profits that have successfully leveraged these tools to achieve their goals.
For example, Charity: Water is a non-profit organization that has successfully used OKRs and KPIs to achieve its mission of bringing clean and safe drinking water to people in developing countries. By setting clear goals, tracking progress, and regularly analyzing performance, Charity: Water has been able to ensure that every dollar donated goes towards making a real impact. They have set specific KPIs to track the number of people receiving access to clean water, the cost per person served, and the sustainability of their projects. By tracking these KPIs and regularly reviewing their progress, charity: water has been able to make data-driven decisions that maximize their impact and ensure that they are making the greatest difference possible.
One example of a non-profit organization that uses OKRs and KPIs is For Freedom International. FFI works to change conditions that allow exploitation to exist. We believe in a holistic approach to giving people the opportunity to be free from oppression through prevention, intervention, and restoration programs. By regularly reviewing and analyzing their performance, FFI can make data-driven decisions and ensure that they are making the greatest impact possible.
75+ KPIs tracked by nonprofit organizations / NGOs
Here is a list of the top 75 KPIs tracked by non-profit organizations.
Number of donations: Total number of donations received
Donor retention rate: Percentage of donors who give again
Average donation size: Average amount donated per transaction
Income from grants: Total income received from grants
Fundraising efficiency ratio: Fundraising expenses as a percentage of total fundraising revenue
Return on investment (ROI) for fundraising: Fundraising revenue divided by fundraising expenses
Cost per donor acquisition: Cost of acquiring a new donor
Volunteer hours: Total number of hours volunteered
Volunteer retention rate: Percentage of volunteers who return
Volunteer satisfaction rate: Percentage of volunteers who are satisfied with their experience
Cost per volunteer hour: Cost of utilizing one hour of volunteer time
Number of volunteer referrals: Total number of new volunteers referred by current volunteers
Program participation rate: Percentage of eligible individuals who participate in a program
Program completion rate: Percentage of program participants who complete the program
Program satisfaction rate: Percentage of program participants who are satisfied with the program
Client satisfaction rate: Percentage of clients who are satisfied with their experience
Client retention rate: Percentage of clients who return
Client engagement rate: Percentage of clients who actively participate
Number of new clients: Total number of new clients
Repeat clients: Total number of clients who return
Cost per program participant: Cost of serving one program participant
The program cost per outcome: Cost of achieving one program outcome
Outcome achievement rate: Percentage of program outcomes achieved
Impact per dollar spent: Impact generated per dollar spent
Social media engagement rate: Percentage of social media followers who engage with content
Website traffic: Total number of website visitors
Email open rate: Percentage of emails that are opened
Email click-through rate: Percentage of emails that result in clicks
Bounce rate: Percentage of website visitors who leave after only visiting one page
Conversion rate: Percentage of website visitors who complete a desired action
Cost per impression (CPI): Cost of one impression
Cost per click (CPC): Cost of one click
Cost per acquisition (CPA): Cost of acquiring one new customer
The lifetime value of a donor: Total value generated from a donor over their lifetime
The lifetime value of a volunteer: Total value generated from a volunteer over their lifetime
The lifetime value of a client: Total value generated from a client over their lifetime
Number of events hosted: Total number of events hosted
The attendance rate at events: Percentage of invited individuals who attend events
Event fundraising revenue: Total fundraising revenue generated from events
Event cost per attendee: Cost of serving one event attendee
Event return on investment (ROI): Event revenue divided by event expenses
Media coverage: Total media exposure received
Media mentions: Total number of mentions in the media
Brand recognition: Awareness of the organization's brand
Brand reputation: Perception of the organization's brand
Employee satisfaction rate: Percentage of employees who are satisfied with their job
Employee retention rate: Percentage of employees who remain with the organization
Employee engagement rate: Percentage of employees who are engaged and motivated
Cost per employee: Cost of employing one employee
Benefit-cost ratio: Ratio of benefits to costs
Program reach: Total number of individuals reached by a program
Program sustainability: Ability of a program to continue over time without external support
Partnership success rate: Percentage of partnerships that are successful
Collaboration effectiveness: Level of the effectiveness of collaborations with other organizations
Advocacy impact: Impact of advocacy efforts on policy and public opinion
Community Impact: Positive impact on the community
Environmental impact: Positive impact on the environment
Health impact: Positive impact on health outcomes
Education impact: Positive impact on education outcomes
Economic impact: Positive impact on economic outcomes
Outcome-based budgeting: Allocation of resources based on expected outcomes
Impact per staff member: Impact generated per staff member
Referral rate: Percentage of individuals who are referred by others
Advocacy participation rate: Percentage of supporters who participate in advocacy efforts
Community involvement rate: Percentage of community members who are involved with the organization
Member retention rate: Percentage of members who remain members
Member engagement rate: Percentage of members who are engaged and involved
Cost per member: Cost of serving one member
Social impact bond (SIB) repayment rate: Percentage of repayments made in a social impact bond
Outcome payment rate: Percentage of outcome payments made
Public support: Level of support from the public
Government support: Level of support from the government
Corporate support: Level of support from corporations
Foundation support: Level of support from foundations
Partnership renewal rate: Percentage of partnerships that are renewed.
Sample OKRs for Non-Profit Organizations
Here are a few non-profit OKRs that you can directly use or take as an inspiration to achieve your non-profit strategy.
Objective: Increase digital media presence in order to increase outreach
KR 1: Increase social media presence from 50,000 followers to 250,000
KR 2: Increase the number of digital advocates from 1500 to 7500
KR 3: Increase volunteer-based collection from USD 1.5mn to USD 5mn
Objective: Increase donation trust in order to drive social impact
KR 1: Improve donor dollar transparency using blockchain by Apr 30, 2023
M1: Launchdigital trace of donor spending in partnership with FIT.BLOCK
M2: Launch donor trust survey for dollar-to-program impact
KR 2: Increase end-user testimonials and thanks program from 15000 beneficiaries to 50000 beneficiaries
KR 3: Increase donor NPS from 4 to 4.5
In conclusion, tracking OKRs and KPIs is essential for non-profit organizations that want to maximize their impact and achieve their goals. By setting clear objectives, measuring progress, and regularly reviewing performance, non-profits can stay on track and make data-driven decisions that ensure they are making the greatest difference possible. Whether you're looking to increase awareness, engage more volunteers, or improve program efficiency and outcomes, tracking OKRs and KPIs can help you reach your goals and make a real difference in the world.
Managing KPIs and OKRs together with Fitbots
At Fitbots we are obsessed with OKRs, KPIs, and strategy execution. While helping you figure out what to measure, we strongly believe actions drive progress. Fitbots software is specially tuned to help you drive actions with both OKRs and KPIs no matter how you choose to run your business.
About The Author
Kashi is the Co-founder and CTO of Fitbots. Kashi has coached over 700+ teams on OKRs with the focus on helping founders and teams achieve more with OKRs. His niche focuses on the future of work by bringing technology to life.