Many passionate individuals embark on non-profit initiatives to make a positive contribution to the world, however, the idea of turning passion into profit may not always be the main objective. But what if, by leveraging this passion, a successful and sustainable non-profit organisation that can create value and impact while generating revenue could be created?
The success of non-profit money-making projects is not a new concept. Many non-profits have embraced entrepreneurial approaches to generate revenue and have scaled their impact to make a real difference in the communities they serve. In this article, we will take a closer look at some of the most successful non-profit money-making examples.
1. TOMS shoes
In 2006, Blake Mycoskie founded TOMS shoes after seeing a need for shoes in Argentina. The company’s mission was to provide a pair of shoes to those in need for every pair of shoes purchased by a customer. Though it started as a for-profit business model, the company later became a non-profit organisation committed to improving lives. With a sustainable and socially responsible business model, TOMS became synonymous with the idea of the one-for-one model that helped provide more than 100 million shoes to people in need.
2. Charity: Water
Charity: Water is a non-profit organisation that focuses on providing clean water access to people around the world. The organisation has a unique approach to fundraising which is known as “100% model” where all donations collected go directly to fund water projects. Their approach has been successful, as they have raised over $400 million to fund over 44,000 water projects across 28 countries.
3. More Than Me
More Than Me is a non-profit organisation that aims to provide education opportunities to underprivileged girls in Liberia. The organisation was founded by a group of young volunteers, and they leveraged their passion for education to start a successful non-profit. More than Me used a unique approach by establishing partnerships with organisations, corporations, and individuals to provide financial support and resources to further their mission.
4. Goodwill Industries International
Goodwill Industries International is well known for its mission to “provide job training, employment placement services, and other community-based programs for people who have disabilities, lack education, or face employment challenges.” Goodwill sells donated goods at its retail stores to fund its mission and is one of the most successful non-profits in the US, providing employment and training opportunities to millions of people each year.
5. Kiva
Kiva is an innovative organisation that has revolutionised microfinance. The organisation provides an online platform for individuals to lend small amounts of money to entrepreneurs or small business owners who may not have access to traditional financing. The concept has proven very successful, with over 1.7 million people across 80 countries having received over $1.6 billion to fund their businesses.
In conclusion, non-profit money-making initiatives can be successful, sustainable, and positively impact the world. With the right business model and a passion for a cause, non-profit organisations can thrive and make a real difference in the communities they serve. These five organisations have shown that with unconventional fundraising methods, unique business models, and a clear mission, it is possible to turn passion into profit while still making a difference in the world.