61%
of donors claim to choose which nonprofits to support based on how “well” the
organization utilizes its funding
Donors
and stakeholders want to know that their contributions are being used
effectively to further the organization’s mission. To achieve this
transparency, nonprofits rely on a variety of financial statements, one of the
most crucial being the statement of Financial Position, also known as the
balance sheet.
Read More on Numbers with Purpose: Statement of Financial Position for Nonprofits
