Presbyterian Night Shelter’s UpSpire program is a prime example of a successful social enterprise initiative in Tarrant County. The program, which began 10 years ago, employs over 260 people in services ranging from litter abatement to janitorial and landscaping services. Since 2016, 400 people have escaped homelessness and received employment through the program.

Expanding Earned Revenue Streams

Nationwide, nonprofits make about $3.7 trillion in revenue each year, with 71% of that coming from earned revenue. In Tarrant County, organizations like Community Frontline and Cornerstone Assistance Network are also exploring new ways to earn revenue while staying true to their missions.

The Welman Project, a nonprofit that provides teachers with free school supplies, has diversified its revenue streams by opening a Curiosity Shop and a 7,500-square-foot makerspace. These initiatives not only support the nonprofit’s mission but also generate income to help offset costs.

Supporting Local Nonprofits

Other organizations, like Blank Space Fort Worth, are using their spaces to generate income for their parent nonprofits. By renting out their event venue, they are able to support their mission and provide a valuable service to the community.

As federal funding cuts continue to impact nonprofits, the importance of earned revenue streams cannot be overstated. By exploring new and innovative ways to earn income, Tarrant County nonprofits are ensuring their continued ability to support their communities.

Original reporting: Fort Worth Report — read the source article.