the public and nonprofit sectors have similar legal requirements for transparency. group of answer choices true false

To their supporters and the general public, nonprofits have a moral and legal obligation to carry out their operations in a responsible and open manner. Nonprofits should regularly and transparency communicate with the public about their goals, plans, resources, successes, and decision-making procedures.

Public access to information from a nonprofit organisation is essential. It should increase public awareness of the organisation, as well as its comprehension and trust, on the outside.

A nonprofit should create an annual report (printed or electronic) with details on its operations and results. The annual report ought to contain:

a description of the organization's goals, initiatives, outcomes, and effect; details on how people can access its services;
financial data, including an income and expense statement, balance sheet, and functional expense allocation;
information on how people can access its programmes;
as well as a list of the contributors, management, staff, and board members.

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