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What is the statement of activities?

Author:
Harold Averkamp, CPA, MBA

Definition of Statement of Activities

The statement of activities is one of the main financial statements issued by a nonprofit organization. It is prepared instead of the income statement issued by a for-profit business.

The statement of activities focuses on the total organization (as opposed to focusing on specific funds within the organization) and reports the following:

  • Revenues such as contributions, program fees, membership dues, grants, investment income, and amounts released from restrictions
  • Expenses reported in categories such as major programs, fundraising, and management and general
  • The change in net assets resulting from the previous two bullet points

The statement of activities will have multiple columns in order to report the amounts for each of the following classes of net assets: without donor restrictions, with donor restrictions, and total.

Example of Statement of Activities

The following is an example of a nonprofit’s statement of activities.

Statement of Activities

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

Learn More About Harold

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