The primary users of the financial statements of private not-for-profit organizations are:

Question

Quizplus · Accepted Answer

Private not-for-profit organizations do not have owners or investors as they do not issue shares or distribute profits to investors. Therefore, the primary users of their financial statements are present and potential donors, who are interested in the organization's financial health and ability to use donations effectively. Government agencies may also use these statements for regulatory purposes, but they are not the primary users.

The Primary Users of the Financial Statements of Private Not-For-Profit