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Non-profit organizations rely on financial statements similar to for-profit businesses, but with some key differences. Here's a breakdown of the typical items you'll find in a non-profit statement: 1. Statement of Activities (or Income Statement): Revenue: This section details all the income sources for the non-profit, including donations, grants, program service fees, fundraising events, and investment income. Expenses: This section lists all the costs incurred by the non-profit to achieve its mission. It may be categorized by function (program expenses, administrative expenses, fundraising expenses) or by nature (salaries, rent, supplies). 2. Statement of Financial Position (or Balance Sheet): Assets: This section details what the non-profit owns, including cash, investments, property and equipment, and any prepaid expenses. Liabilities: This section detai

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