THE DEVELOPMENT OF THE FINANCIAL ENVIRONMENT OF NON-PROFIT ORGANIZATIONS IN RUSSIA

Abstract

The paper deals with financial relationships and funding sources of non-profit organizations. The subject of the study is the role and place of non-profit organizations in the Russian national economy and their development trends. The scope of the paper includes the study of information materials on the economic condition of non-profit organizations. The purpose of the study was to identify the key problems of financial resource generation and ways to improve the economic activity of non-profit organizations in the context of the established innovation-oriented market economy model. The paper analyzes the current practice of funding non-profit organizations in Russia compared with the foreign experience. The problems accumulated in the financial support of non-profit organizations are considered and areas for improvement are suggested. The study used general scientific methods of analysis and synthesis, dialectical and system-based approaches, as well as method of comparison, analogies and expert assessments. The development of cooperation between non-profit organizations and enterprises of various organizational and legal forms, legal entities and individuals in matters of formation and use of financial resources is regarded as the most important objective of financial relations. It is proved that the share of public and private investments as well as donor funds in the financial support of economic activities of non-profit organizations needs to be increased. The conclusions and recommendations for improving the support of non-profit organizations through budgetary and non-budgetary funds in the situation of the macroeconomic instability and limited finance raised from various sources are formulated.