Income Statement

Income Statement

The Income Statement (also called the Statement of Activities) shows your organization's revenue and expenses over a period of time. While the Balance Sheet is a snapshot, the Income Statement tells the story of what happened during a month, quarter, or year.

Report Contents

• Revenue: All income received during the period—individual donations, corporate gifts, foundation grants, program fees, event revenue, and investment income
• Expenses: All costs incurred during the period, organized by category (program services, management & general, and fundraising)
• Change in Net Assets: Revenue minus expenses. A positive number means your organization's financial position improved; negative means it declined.

Generating the Report

1. Go to Reports → Income Statement
2. Select the date range (month, quarter, year, or custom)
3. Optionally filter by fund
4. Click "Generate"

Comparison Options

Add context to your numbers by comparing them to:

• Prior Year Same Period: See how this month compares to the same month last year
• Budget: Compare actual revenue and expenses against your approved budget
• Year-to-Date: See cumulative totals from the start of your fiscal year

What to Look For

• Revenue Trends: Are donations growing, flat, or declining?
• Expense Ratio: What percentage goes to programs vs. overhead?
• Surplus or Deficit: Is the organization operating in the black this period?

Export Options

Export to PDF for board presentations or Excel for deeper analysis. For a fund-by-fund view, use the Income Statement by Fund report.