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Financial resources management and assessment of the non-profit sector’s social efficiency

Author

Listed:
  • Anna S. Artamonova

    (Vologda Research Center of the Russian Academy of Sciences, Vologda, Russia)

Abstract

During the pandemic, the non-profit sector has seen both a significant increase in the volunteer movement and the exacerbation of existing problems due to the imposed restrictions, most notably related to the financing of non-profit organisations’ activities and fundraising. The paper aims to assess the social efficiency of the non-profit sector with respect to the manage ment of financial resources. Methodologically, the research relies on the resource dependence theory. The assessment uses the calculation of the Weisbrod publicness index. Traditionally, this index employs data from individual organisations, as there are no comparable data for the entire sector. The study, for the first time, attempts to conduct a comprehensive assessment based on data on socially oriented non-profit organisations (SONPOs) collected by Rosstat. To test the approach, the author considers the results of the financial activities of SONPOs located in the regions of the Northwestern Federal District for 2017–2019. The findings indicate that in Pskov oblast, Nenets Autonomous Okrug, and the Komi Republic, the SONPOs’ sector relies almost solely on self-financing; in the Republic of Karelia, Arkhangelsk and Vologda oblasts donor funding prevails; other regions enjoy a balance between revenues from the production of public and private goods. Keeping such a balance appears to be the optimal model for the sector’s func tioning, since it testifies SONPOs’ ability to manage their resources.

Suggested Citation

  • Anna S. Artamonova, 2022. "Financial resources management and assessment of the non-profit sector’s social efficiency," Journal of New Economy, Ural State University of Economics, vol. 22(4), pages 97-115, January.
    • Handle: RePEc:url:izvest:v:22:y:2021:i:4:p:97-115
    DOI: 10.29141/2658-5081-2021-22-4-6
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    References listed on IDEAS

    as
    1. Cecilia Tortajada, 2016. "Nongovernmental Organizations and Influence on Global Public Policy," Asia and the Pacific Policy Studies 201623, Crawford School of Public Policy, The Australian National University.
    2. Cecilia Tortajada, 2016. "Nongovernmental Organizations and Influence on Global Public Policy," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 3(2), pages 266-274, May.
    3. Pål Vik, 2017. "What’s So Social About Social Return on Investment? A Critique of Quantitative Social Accounting Approaches Drawing on Experiences of International Microfinance," Social and Environmental Accountability Journal, Taylor & Francis Journals, vol. 37(1), pages 6-17, January.
    4. Thomas Clarke & Keun Lee (ed.), 2018. "Innovation in the Asia Pacific," Springer Books, Springer, number 978-981-10-5895-0, February.
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    More about this item

    Keywords

    social efficiency; non-profit sector; socially oriented non-profit organisation; Weis brod publicness index;
    All these keywords.

    JEL classification:

    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship

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