US not-for-profits encompass a wide variety of industries that include health care, higher education, credit unions and public authorities, to name a few. Andrea Murad speaks to the individuals who ensure they maintain their nonprofit status.
Nonprofit organizations are unique, because while they’re considered charities, they can also generate billions of dollars in revenues and have tens of thousands of employees.
The accounting functions can be complex, especially when there are international operations. For every nonprofit however, the organization’s goal is to advance an underlying mission, with finances structured in a way to achieve this.
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to read the complete article on the ICAS website, along with Marilyn Pendergast’s commentary.