How Much of a Difference Are We Making? Using SROI as a Tool

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  • Work with your CFO and/or Finance Chair to ensure you have a firm grasp of your program-related costs — both direct AND indirect — using a methodology such as activity-based costing
  • Work with your program team and/or evaluators to conduct secondary research on:
  • Cost-benefit analyses or SROI estimates from other organizations with a similar program model
  • Assessing individual and community benefits generated by your program model (e.g., less reliance on government assistance, increased likelihood of higher-paying job)
  • Research popular SROI tools, such as the one developed by REDF, to decide how to build the best model for your organization
  • Bring finance and program teams together to finalize a high-level model and begin inputting data to determine a SROI calculation unique to your organization
  • Pressure-test the model with your board and local funders to ensure that you accurately capture your impact
  • Refresh the model based on new program and financial data and new research in your field

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