Your credit score is a powerful tool. When FICO first introduced the credit score in 1989, it was to help lenders determine the likelihood that you'd fall behind on payments in the next 24 months. FICO used a number of criteria to determine that some criteria weighed more heavily on your score than others.
The survey found that the average nonprofit donor retention rate is only 41 percent, compared to a customer retention rate of 94 percent for businesses. The average new donor retention rate is only 27 percent.
One of the most important things you can learn is how to get âintoâ the mind of your donor. Think about it. Over $308 BILLION was given in charitable donations in 2008 â and 75% of those dollars came from individuals. On average for every six new donors an organization acquires, it loses five existing donors.