{"id":12625,"date":"2023-07-18T21:08:46","date_gmt":"2023-07-18T21:08:46","guid":{"rendered":"https:\/\/european-naturopathic-congress.com\/?p=12625"},"modified":"2024-06-06T13:03:51","modified_gmt":"2024-06-06T13:03:51","slug":"nonprofit-accounting-a-guide-to-basics-and-best","status":"publish","type":"post","link":"https:\/\/european-naturopathic-congress.com\/index.php\/2023\/07\/18\/nonprofit-accounting-a-guide-to-basics-and-best\/","title":{"rendered":"Nonprofit Accounting: A Guide to Basics and Best Practices"},"content":{"rendered":"

\"What<\/p>\n

Nonprofits are exempt from income tax on donations and much of their earned revenue. But if the IRS determines that revenue is from unrelated business activities (not directly related to your stated mission when requesting tax-exempt status), then it could be subject to income taxes. So check with your https:\/\/www.bookstime.com\/tax-rates\/oregon<\/a> tax\/legal team to make sure you\u2019re prepared for any potential tax bills. But, more importantly, they are often generated monthly (or quarterly) to help you keep an eye on your financial health. For an in-depth look at these reports, check out our article on the core nonprofit financial statements.<\/p>\n