Thrive: Non-Profit Success Stories | Functional Expense Accounting
Published on by Patrick Frambes, Christa Woelfel, in Video, Not-for-Profit
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Functional expense accounting plays a vital role in how non-profits communicate transparency, accountability, and impact to donors and stakeholders. With increased scrutiny on how funds are allocated, organizations must carefully track and present expenses across program, management, and fundraising categories.
In this episode of our Thrive Non-Profit Success Stories series, top non-profit accounting pros Patrick Frambes and Christa Woelfel break down what functional expenses are, why they matter for financial statements and Form 990 reporting, and how organizations can approach allocation methods like time tracking and square footage. They also share practical benchmarks, common challenges, and insights into how donors interpret these numbers—helping your non-profit’s leadership team better understand how your organization stacks up, and where you can improve.
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