As a Head of Fundraising, with a background in Grant Fundraising, I am particularly interested in establishing what the industry standard “success rate” is for grant applications.
We have played with a few different ways of measuring this in-house, and we have concluded that the most meaningful way is to look at the total value of grants applied for, versus the total value of grants won (rather than number of applications).
As a sub question, I wonder if this can be used meaningfully when flipped on its head and compared with Grant Funders’ data around the ratio of applications received vs their available budget.
EDIT: There are other posts with similar topics, but I am specifically interested in the broad nature of this question - not breaking it down into different themes or geographies.