Nonprofit organizations submit financial statements to government authorities, lenders and investors just like their for-profit counterparts, although the focus of the financial statements is ...

Nonprofits use four main financial reporting statements: balance sheet, income statement, statement of cash flows and statement of functional expenses. Three of these are similar to common for ...

As the bridge between a nonprofit’s operations and its stakeholders, financial statements can be a powerful storytelling tool. Traditionally, financial statements provide transparency ...