![]() ![]() This template is meant to be a guide and can be modified to fit the needs of your specific nonprofit. The report also provides the nonprofit with an opportunity to be transparent and honest about where donations and income are spent.īelow is a template that you can use for your nonprofit expense report. This report is typically used for reimbursement or tax purposes. Any expenses that are considered personal in nature are not allowed.Īn expense report is a document that itemizes all of the expenses incurred by an individual, organization, or company. This includes the cost of travel, entertainment or gifts. So, what is not allowed as an expense on your report? The answer is simple: anything that does not fit into one of the three categories mentioned above. Download your financial management template so that you can access it and edit it as you need. Create infographics that show what categories are included in your budget and the types of factors that incorporate each category. Depending on the size of your nonprofit, this category may be the second-highest expense after program expenses. Use these templates to add in pie charts and bar graphs so that you can visualize how your finances change over time. This can include the cost of hosting events, mailing donations, and hiring a development staff. Fundraising Expensesįundraising expenses are the costs associated with raising money for your nonprofit. If your nonprofit has a website, the cost of hosting and maintaining that website would also be considered an administrative expense. This category includes expenses such as office rent, salaries, utilities, and office supplies. Administrative ExpensesĪdministrative expenses are the costs associated with running the day-to-day operations of your nonprofit. Your nonprofit will need to carefully categorize each expense for accounting and tax purposes. These expenses may also overlap with administrative expenses. For example, a nonprofit that provides housing for the homeless will have high program expenses due to the costs of renting or owning property, utilities, and maintenance. ![]() For example, if you run a nonprofit that teaches people a certain language, then your expenses in this category will include the cost of renting space, hiring teachers, and buying materials.ĭepending on your nonprofit, the program expenses may be the highest category of expenses. ![]() Program expenses include the costs associated with running your nonprofit’s programs and services. These are typically broken down into three categories: program expenses, administrative expenses, and fundraising expenses. Nonprofits, like for-profit businesses, have many expenses to consider. Need Help In Tracking Your Business Spending An Expense Report Is A Form That Captures All Of The Most Important Information About A Business Expense. What are Typical Nonprofit Expense Categories? This article will help you do just that, as well as provide you with a template for an expense report to use. If you’re considering starting a nonprofit, it’s important to understand the different types of expenses that are allowed and not allowed as part of your nonprofit financial statements. ![]()
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