Financial statements of not-for-profit organizations mean that financial statements which are made by organizations whose aim is not to earn and distribute the profit. It means, these organizations do not involve in business activities but these organisations use all the surplus from their activities in achieving their Goal. Because, these organisations operate with the money of donation or sponsorship, so they have to keep accounts and show their financial results in the form of financial statements.
I am also operating many not-for-profit organisations whose aim is to do social welfare activities. Recently, I got some donation from my UK and Indian donors. So, I maintain my all Not-for-profit organizations ' account. I also make financial statements of my Not-for-profit organisations because any donor can check the uses of their money and my financial statements can clear his all doubts. If any Not-for-Profit Organization do not make financial statements, it means, its activists are cheating with donors ' donations and use donation money for personal benefits. If you are donor, then before donation, please check the financial statements of Not-for-profit Organisation from expert accountant. Only expert accountant or auditor can audit the financial statements and can bring many unknown loopholes.
Here, I am analysis to Big Not-for Profit Organisation ' s financial Statement Financial Statements 2017 of Wikipedia 1st Balance Sheet of Wikimedia Foundation, Inc.