In the not-for-profit world, there are two types of revenue (as defined by tax law and accounting standards): contributed and earned. Contributed revenue includes monetary donations from individuals and corporations as well as grants from foundations and government agencies. Earned revenue includes ticket sales, program and service fees, and media sales. A good rule of thumb is that if a transaction represents the cu…
SOURCE: artshacker.com at 10:41AM on August 22, 2023