Common Non-Profit Financial Mistakes and How to Avoid Them

Charts and graphs on a black clipboard with a blue note reading “NON PROFIT” in El Paso.

Non-profit organizations have the goal of meeting community needs that might otherwise go unmet. They fill a service gap by benefitting people and animals and addressing social justice issues. By nature of being a non-profit, these entities are exempt from paying income tax on net revenue, and donations to the non-profit can generally be deducted […]

Financial Statements for Non-profits

Small wooden tiles spelling out “NON PROFIT” against a grid piece of paper in El Paso.

Non-profit organizations play an essential role in our society by addressing social issues. They rely on donations and grants to fulfill their missions. Non-profits are required to maintain accurate financial records and financial statements. Below are the financial statements non-profits need to always keep up to date, and that should be ready and prepared by […]