Describe the Difficulty in Comparing the Financial Performance of a Not-For-Profit

question 29

Essay

Describe the difficulty in comparing the financial performance of a not-for-profit organization to other similar organizations. What benchmarks are available to assist in this task?

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Definitions:

Median

The middle value of a dataset, which divides the dataset into two halves when the numbers are arranged in ascending order.

1st Quartile

The 1st quartile, also known as the lower quartile, is a statistical measure that divides the lowest 25% of data in a dataset from the highest 75%.

3rd Quartile

The value below which 75% of the data in a dataset falls, marking the upper quartile in a distribution of values.

Negatively Skewed Distribution

A distribution where the tail on the left side of the probability density function is longer or fatter than the right side.