Page 29 - NCCAA Finance Board Accountability

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.