engleski

The importance of project financing of the activities of non-profit organizations for the development of culture and art

Non-profit organizations, primarily established without the goal of making a profit, are increasingly engaged in economic activity with the aim of diversifying sources of funding and achieving the conditions for achieving long-term sustainability. However, a significant number of non-profit organizations still finance their activities primarily from the public budget. The aim of this paper is to determine to what extent and from which sources associations registered in the area of the city of Osijek with the area of activity “Culture and Art” finance their project activities. In order to achieve the goal of this paper, the projects and support activities of associations from the local and county public budgets and the available public financial reports of associations are analyzed. The results of the analysis confirm that the activities of the observed associations are mostly financed from public, budgetary sources and suggest that in the future associations should increase their involvement in fundraising from other sources to be more successful in encouraging the development of culture and arts. In this regard, there is a need to use digital technologies in organisations to increase the level of their visibility and competitiveness. Emphasis is also placed on the need to apply for joint international projects with partners from abroad so that the joint capacities of the association can achieve more easily the set goals and promote culture and art, not only nationally but also internationally.

ICT ; culture ; non-profit organizations ; project financing ; associations, art

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