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ImpactUs looks to have had a lot going for it but its failure is a reminder that many nonprofit earned-income ventures (“NEIVs”)—organizations launched with a big dollop of philanthropy but then expected to “make it” on earned income—are not approached in a way that maximizes the odds of success. In…

When Healing Arts Initiative declared bankruptcy, it was the last in a series of tragic events that was seemingly the death knell for the 47-year-old nonprofit. Then-Executive Director D. Alexandra Dyer had been attacked with drain cleaner, causing severe burns to her face. Dyer had exposed the embezzlement of $750,000…