Page 10 - Finances for Non-Finance People

STATEMENT OF

ACTIVITIES

(INCOME STATEMENT)

Income can come from many sources
(contributions, grants, and net fundraising
income) and revenue (fees for services and

program service revenue).

Net assets released from restrictions, which

represents the use of an organization’s
restricted net assets.

Expenses are generally subtotaled by

program, general and administration, and
fundraising.