Income Statement

Quick Answer: Income Statement

The Income Statement shows revenue and expenses over a date range in a standard nonprofit layout. It answers whether your organization operated at a surplus or deficit for the month, quarter, or year. This is not the same report as the Statement of Activities, which adds donor restriction columns auditors expect on formal financials.

Generate it from Reports → Income Statement, select your range, optionally filter by fund, and export PDF or Excel. Plus, Pro, and Enterprise include standard income statements with fund accounting. For side-by-side fund columns, open Income Statement by Fund on Pro or Enterprise. Compare year-over-year trends in the Comparative Report or against budget in Annual Budget Planning.

Income Statement

Revenue and expenses for any range in a standard layout so leadership compares program results without waiting on a spreadsheet.

Report Contents

• Revenue by category: donations, grants, program fees, and investment income
• Expenses by functional area: program, management and general, fundraising
• Change in net assets for the selected period

Related Reports

Use Statement of Functional Expenses for Form 990 Part IX columns and Cash Flow Statement when boards ask about liquidity beyond accrual profit and loss.

Good to Know

Income Statement and Statement of Activities serve different presentation needs—use both in board packets when restrictions matter.