The annual report is a document that is published once a year by an organization to show the progress made during the previous financial year. It is an important document for NGOs in that it provides an overview of how the organization has been doing its work. The annual report can also be used as a tool for communicating with donors, especially philanthropic ones, about the work of the organization. NGOs usually hire popular and reliable firms like Results Tax Accountants to get this job done for them. NGOs can use annual reports as a tool for advocacy and influence, giving their donors an opportunity to see how their money is being spent.
RE: Why Annual Reports are important for NGO?
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Why Annual Reports are important for NGO?