How to Read Nonprofit Financial Statements
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Brief Introduction
Build Financial LiteracyDescription
If you would like to learn just enough accounting to read nonprofit financial statements, this course is for you. In this course you will learn accounting, not by preparing financial statements, but by reading financial statements, just enough to understand basic terms and concepts, and just enough to size up a nonprofit.
At the end of this course, you’ll be able to read a nonprofit’s financial statements, determine how it is spending its money, and how solvent it is.
This course has seven sections, and here is what we will cover:
Basic financial statement characteristics
Read the financial statements of the Bill and Melinda Gates Foundation
Where the numbers come and why we need three financial statements
Deep dive and read the American Red Cross’ three financial statements.
Test what you’ve learned so far with a 30-question case study about the Wikimedia Foundation
IRS form 990 that nonprofits must file. We’ll find out where you can find compensation information.
Analyze nonprofits using three categories of ratios
Become financially literate! Learn how to read nonprofit financial statements.
Requirements
- Requirements
- No course requirements or prerequisites. This course is for those with little financial knowledge
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