Measuring Non Profit Efficiency: The Statement of Functional Expense

Accounting provides some measure of a firm’s economic efficiency on its income statement. A large net income usually tells us that something has gone right, while a large loss indicates that something is amiss. The same cannot be said about a non profit’s income statements (usually called the Statements of Revenue and Expense). Since the Read more about Measuring Non Profit Efficiency: The Statement of Functional Expense[…]