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Even though the statement in the annual report is simplified, you\u2019ll still find fully audited yearly financial statements on the organization\u2019s website \u2013 plus all their Form 990 submissions dating back from 2011. As the net income surplus or deficit is retained within the organization it also represents the change in net assets for the accounting period. The U.S. Internal Revenue Service (IRS) requires some tax-exempt nonprofit organizations to file Form 990 (some can file Form 990-EZ) each year. (However, churches and some other nonprofit organizations are not required to file.) The title of Form 990 is Return of Organization Exempt From Income Tax. The number of accounts in a nonprofit\u2019s general ledger could range from 30 to 1,000 or more. The number of accounts depends on the number of programs that the nonprofit has, the types of revenues it earns, and the level of detail required for planning and control of the organization.<\/p>\n<\/p>\n