The Statement of Activities is a required disclosure for a not-for-profit organization.

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The Statement of Activities, also known as the Statement of Financial Performance or Income Statement, is a required disclosure for not-for-profit organizations under Generally Accepted Accounting Principles (GAAP). It summarizes the organization's revenue, expenses, gains, and losses for a specific period of time, typically a fiscal year. This statement helps stakeholders understand the financial performance of the organization and its ability to achieve its mission.

The Statement of Activities Is a Required Disclosure for a Not-For-Profit