Financial Statement Preparation for Nonprofit Organizations

Accurate financial statements are important for nonprofit organizations to make data-driven decisions and to better understand the financial performance of the organization. Let us help you prepare the basic statements your organization needs.

Why Do Nonprofits Need Financial Statements?

Nonprofits are required to develop financial statements for two primary reasons:

  1. IRS and government regulation compliance

  2. Internal decision making

In order for nonprofit organizations to maintain their tax-exempt status, they must provide accurate financial statements to the government. Plus, financial statements provide the organization with a wealth of information regarding their financial health and performance.

The team here at RP Finance has many years of experience in creating financial statements for nonprofit organizations. Reach out to us for a free consultation to learn more about how we can help you!

Accountant working with a nonprofit client

4 Primary Financial Statements

There are 4 primary financial statements your organization needs to develop in order to remain compliant with the IRS and government regulations.

Accountant helping a nonprofit organization with financial statement preparation

Financial Statement Preparation

For many organizations, the thought of creating financial statements is as stressful as doing taxes, but they don’t have to be! Our goal is to ensure you stay compliant, without having to stress or spend time on the finances of your organization.

We will work with you and your team to prepare accurate financial statements. Reach out to us to learn more about how we can help you with financial statement preparation.

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