Behind the Numbers: Accounting for In-Kind Contributions

Almost all nonprofit organizations have at some time received “in-kind” contributions; also known as “gifts-in-kind.” These non-cash contributions can take various forms such as gifts of long-lived assets, services performed by volunteers, gifts of museum collection items, gifts of inventory, gifts of items used for fundraising purposes, free use of facilities and utilities or use of these at a discounted cost, or gifts of supplies and other materials. This article will explain the rules for accounting for these in-kind contributions on financial statements. The rules for reporting on Form 990 tax returns may be different.

 Behind the Numbers: Accounting for In-Kind Contributions (Adobe Acrobat PDF, 60 KB)

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