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Understanding A Profit and Loss Statement?

Understanding A Profit and Loss Statement?

by Pentacle-nextSteps | Jan 7, 2022 | Accounting for the Performing Arts, For 501(c)3 Arts Orgs, For Arts Administrators, For Individual Performing Artists

Understanding A Profit and Loss Statement What is a Profit and Loss Statement? A Profit and Loss Statement (P&L) is a financial statement that measures the revenues, costs, and expenses incurred over a specific accounting period. P&Ls reflect an organization’s...
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Pentacle’s nextSteps is supported, in part, by public funds from the National Endowment for the Arts, the New York State Council on the Arts with the support of Governor Kathy Hochul and the New York State Legislature, and the New York City Department of Cultural Affairs in partnership with the City Council. Pentacle receives private support for nextSteps from the Howard Gilman Foundation, the New York Community Trust, The Hyde and Watson Foundation, The Jerome Robbins Foundation, and the Harkness Foundation for Dance.

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