2023
DOI: 10.1007/s10997-023-09673-w
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The income gap reporting framework in public not-for-profit organizations: the British Museum case

Abstract: The income gap is the negative margin between earned income and operating expenses: this is the main financial concern for not-for-profit entities (both public sector and nongovernmental organizations). Despite this, all over the world these entities are forced to use the standard profit-centered income statements format, with its focus on net income generation (the bottom line). This paper proposes an income statement format that uses the income gap to understand/discuss/present the financial viability of a n… Show more

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Cited by 2 publications
(1 citation statement)
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“…Since private enterprises are usually owned or invested by individuals, their profitability is closely related to the economic returns of the operators ( 18 ). As a result, the profit-centered nature of private enterprises has prompted them to explore various avenues to reduce employee-related costs ( 19 ). While employee compensation packages in private enterprises typically fall behind those in foreign and state-owned enterprises, the disparity is not extensive.…”
Section: Literature Review and Theoretical Hypothesesmentioning
confidence: 99%
“…Since private enterprises are usually owned or invested by individuals, their profitability is closely related to the economic returns of the operators ( 18 ). As a result, the profit-centered nature of private enterprises has prompted them to explore various avenues to reduce employee-related costs ( 19 ). While employee compensation packages in private enterprises typically fall behind those in foreign and state-owned enterprises, the disparity is not extensive.…”
Section: Literature Review and Theoretical Hypothesesmentioning
confidence: 99%