Abstract:

This study investigates the impact of board dynamics on nonprofit organizations’ (NPOs) access to financial resources in Saudi Arabia—a sector experiencing rapid transformation under Vision 2030. Grounded in resource dependence and stakeholder theories, the research analyzes how board size, gender diversity, and political affiliations influence funding opportunities. Utilizing panel data from 150 NPOs (2021–2023) and applying multiple regression, random-effects, and 2SLS models, the study examines both total and source-specific financial support. The findings reveal that larger boards and politically connected members substantially improve access to diversified, non-Ehsan funding, whereas greater female representation correlates with reduced support from the Ehsan platform. Organizational size and age consistently predict increased financial access. Furthermore, a composite Governance Strength Index—encompassing board size, female representation, and political connectivity—demonstrates a significant positive effect across all funding sources. These results underscore how multidimensional board governance strengthens financial performance and legitimacy in emerging nonprofit sectors.