Nonprofits must innovate in order to survive, Ryan McCrary, founder of Great Outdoor Adventure Trips (GOAT), said at the Nonprofit Startup Talk Monday during Greenville Startup Week.
McCrary said most nonprofits see rapid growth right away but quickly stagnate. He said GOAT, a youth development organization for at-risk students, followed that format. Nonprofits typically get funding from endowments or grants. But McCrary said getting an endowment is extremely difficult and grant writing is a time-consuming process with mixed results.
To continue growing, he said, nonprofits must innovate like any other company.
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