Glossary of Terms

• Fund-Raising Expenses - The dollars that are spent raising money to enable the charity to continue to exist.
• Management & General Expenses - The dollars that are spent running the organization such as salaries, office expenses, etc.
• Net Assets - Sometimes called "net worth", net assets equal a charity's assets minus its liabilities.
• Payments to Affiliates - The dollars that are spent by national charities to the local or state chapters; conversely, some local chapters pay dues to national offices.
• Program Expenses - The dollars that are spent on the activities or programs for which the charity was founded.
• Total Gross Revenue - The total of direct public contributions, indirect public contributions, government grants and any other support.
• Total Expenses - The sum of the expenses catagories.