Record and Receipts for In-Kind Contributions

Christian Shaeffer Exempt Non-Profit Organizations Leave a Comment

In-kind contributions are donations of goods and certain professional services rather than monetary donations (think clothing and household items to Goodwill). ¬†For Non-Profit Organizations (NPO) of all kinds (both exempt and non exempt from federal income tax), recording in-kind contributions provides a means of recognizing and valuing contributed services and property. ¬†Recording In-kind contributions, in addition to monetary, is a …