Tag Archives: #CharitableOrganizations

What is the threshold limit of balance sheet for Organizations, Charitable and Social Service?

Balance Sheet threshold

Balance Sheet Threshold for Organizations   The threshold limit for balance sheet reporting varies for different types of organizations in India. Non-profit organizations, including charitable and social service entities, have specific requirements based on their annual income and activities. For organizations, charitable trusts, and social service entities in India, the threshold limit for balance sheet… Read More »

What are the key financial statements audited in a Organizations, Charitable and Social Service?

 Statutory audit for mall owners

Key Financial Statements Audited   Organizations involved in charitable and social services undergo financial audits to ensure transparency and accountability. The key financial statements audited in such organizations are: 1. Income and Expenditure Statement: This statement provides a summary of the organization’s revenues and expenses during a specific period. It outlines the sources of income,… Read More »

NGO vs Trust vs Society?

NGO vs trust vs society

NGO vs Trust vs Society NGO, trust, and society are different legal forms or structures that organizations can adopt to pursue charitable, social, or non-profit objectives. Here’s a brief overview of each: NGO (Non-Governmental Organization): NGOs are typically independent, non-profit organizations that operate independently from the government. They are established to address social, environmental, or… Read More »

Society of nonprofits?

Society of nonprofits

  Society of Nonprofits Society of nonprofits, A society of nonprofits refers to an association or network composed of multiple nonprofit organizations or non-governmental organizations (NGOs) that come together to collaborate, share resources, and advocate for common interests. This type of society can be formed at the local, regional, national, or international level, depending on… Read More »