Essentials of Accounting for Governmental and Not-for-Profit Organizations 10th Edition by Paul Copley, John Engstrom

Exercise 2

Go to the Better Business Bureau's Wise Giving Alliance Web site (http:// www.bbb.org/us/charity/). Click on Charity Reports and select a charity. Be sure it is one that presents financial information.
a. State the name of the organization and its mission.
b. What are the two largest programs in terms of expenses
c. What are the two largest sources of funds
d. Calculate the program expense ratio.
e. Calculate the fund-raising efficiency ratio.