Public Value Audits

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PUBLIC VALUE AUDITS
Nonprofit arts organizations, by definition, are public benefit entities but also work towards artistic ends. While everyone agrees that financial measures do not represent the real output of non-profit arts organizations, few arts administrators or board members think in terms of “auditing” organizational performance on non-financial outcomes (i.e., benefits created). WolfBrown created the Public Value Audit as a means of assessing a nonprofit organization’s non-financial outcomes and understanding what value the organization creates – either currently or prospectively – for its stake-holders. The PVA is an extraordinarily robust, methodical and qualitative process of taking stock of a nonprofit’s value proposition in the community.