VERTICAL IQ Boosts Nonprofit Industry Intelligence with Benchmark Data from Candid

Printed: Jul. 7, 2022 at 7:00 AM EDT

New Nonprofit Sector Profile integrates market-precise analytics from Candid, the authoritative supply for nonprofit financial data.

RALEIGH, N.C., July 7, 2022 /PRNewswire/ — Sector Intelligence leader Vertical IQ has introduced a further Sector Profile, Nonprofits, which incorporates in-depth, nonprofit-certain fiscal knowledge offered by Candid, the dependable resource for unbiased nonprofit fiscal info. Non-earnings financial data is distinctive in conditions of its reporting composition because of to its use of fund accounting principles to capture grants, donations, and other accounts employed solely by non-earnings entities. With this new knowledge, Vertical IQ people can now examine their non-gain consumers with related entities.

The Nonprofits Sector Profile joins Vertical IQ’s rising list of macro-degree analyses of the key segments of the economic climate which includes Agriculture, Construction, Electricity, Health care, Production, Real Estate, Retail, Transportation, Wholesale, and other folks. All Sector Profiles integrate sector-distinct chapters these types of as Geographic Breakdown, Technology Investment decision, Sector Indicators & Motorists, and Government Talking Factors.

Candid is alone a 501(c)3 nonprofit fashioned in 2019. The business offers the most in depth knowledge and insights about the social sector to clarify wherever their money arrives from and where it goes.

“Integrating Candid’s financial information on nonprofit financials into the Nonprofits Sector Profile creates a single place for investigation and analysis on this vital vertical,” clarifies Bobby Martin, co-founder and CEO of Vertical IQ. “Adding this new Nonprofit Sector Profile, with its deep evaluation of the nonprofit earth, will be a earn for our consumers, but the insight from Candid truly permits us to up the ante by giving financial details distinct to 10 segments inside the nonprofit vertical.”

Martin goes on to explain that nonprofits benefit from fund accounting, which employs distinct terminology and solutions than are made use of in for-income accounting. “Nonprofits have to maintain keep track of of precise merchandise these types of as authorities agency funding, private donations, grant authorities and much a lot more. Many thanks to the details from Candid that is now built-in into Vertical IQ, our people will be in a position to evaluate their nonprofit buyers to other individuals, utilizing numerous different groups,” claims Martin.

To understand a lot more about Vertical IQ or to ask for a demo, check out www.verticaliq.com.

Headquartered in Raleigh, N.C., Vertical IQ is a nationally recognized leader in Market Intelligence. No matter if they’re pitching a neighborhood brewery or a nationwide biotech business, successful revenue, advertising and marketing, and buyer good results teams use Vertical IQ to far better realize a prospect’s or client’s enterprise issues before, in the course of, and soon after meetings. Covering additional than 540 distinctive industries, 3,400 neighborhood economies, and much more than 94 p.c of the U.S. financial system and Canada, Vertical IQ equips consumers with the self-assurance and believability to make memorable initial impressions and maintain enduring interactions.

Just about every calendar year, hundreds of thousands of nonprofits commit trillions of dollars all-around the globe. Candid finds out wherever that revenue will come from, exactly where it goes, and why it issues. Via exploration, collaboration, and instruction, Candid connects persons who want to transform the earth to the assets they require to do it. Candid’s data resources on nonprofits, foundations, and grants are the most in depth in the earth. In 2019, Basis Middle and GuideStar joined forces to turn out to be Candid, a 501(c)(3) nonprofit business.

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