Statement of Activities
Reporting Operating Results
The Statement of Activities reports revenues, expenses, gains, losses, and changes in net assets by donor restriction category. It is similar to an income statement but focuses on changes in net assets rather than net income.
- Contribution revenue.
- Program service revenue.
- Investment income.
- Release from donor restrictions.
- Program and supporting expenses.
Summary
The Statement of Activities explains why net assets increased or decreased during the reporting period.