A Statement of Activities is a financial report used by non-profit organizations to provide a summary of revenues, expenses, and changes in net assets over a specific period, similar to an income statement for for-profit entities. It helps stakeholders understand the financial health and operational efficiency of the organization by detailing how funds are generated and utilized to fulfill its mission.

Statement Of Activities

Statement of Activities

financial report

Non-profit organizations are entities that operate for purposes other than generating profit, typically focusing on social, educational, or charitable objectives. They reinvest any surplus revenues into their mission-driven activities rather than distributing them as profits or dividends.

non-profit organizations

summary of revenues

Summary of expenses

changes in net assets

specific period

An income statement is a financial document that provides a summary of a company's revenues, expenses, and profits over a specific period, typically a quarter or a year. It is essential for assessing a company's financial performance and profitability, serving as a critical tool for investors, management, and other stakeholders to make informed decisions.

income statement

for-profit entities

Financial health refers to the state of one's personal financial situation, encompassing the ability to manage expenses, save for future goals, and withstand financial shocks. It is a comprehensive measure that includes income, expenditure, savings, investments, and debt management, indicating overall financial stability and security.

financial health

Operational efficiency is the ability of an organization to deliver products or services to its customers in the most cost-effective manner while ensuring high quality and optimal resource utilization. It involves streamlining processes, reducing waste, and leveraging technology to maximize productivity and profitability.

operational efficiency

Stakeholders are individuals or groups who have an interest or investment in the outcomes of a project, organization, or decision. Their influence and needs must be considered to ensure successful outcomes and sustainable relationships.

CUSTOMIZE YOUR LEARNING

CUSTOMIZE YOUR LEARNING

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