Few not-for-profit organizations publish financial information since they are NOT required by law to do so.

Question

Quizplus · Accepted Answer

Not-for-profit organizations are required by law to publish financial information in order to maintain transparency and accountability to their donors and stakeholders. This includes filing annual tax returns (Form 990) with the Internal Revenue Service (IRS) which are public records that disclose financial information such as revenue, expenses, salaries of key staff, and governance practices. Additionally, many not-for-profit organizations choose to publish annual reports or financial statements on their website or in other public forums to further enhance transparency and promote donor trust.

Few Not-For-Profit Organizations Publish Financial Information Since They Are NOT