{
  "version": "1.16.0",
  "releasedAt": "2026-09-07",
  "kpi": {
    "rogueId": "finance.np_change_in_net_assets",
    "slug": "np_change_in_net_assets",
    "domain": "finance",
    "defaultLabel": "Change in Net Assets",
    "description": "The bottom line of the Statement of Activities — total support and revenue less total functional expenses for the period. The nonprofit analogue of net income, and deliberately NOT called a surplus or a profit: a positive change funds reserves and future programme, it is not a return to anybody.",
    "fieldType": "currency",
    "unit": null,
    "maturity": "general",
    "suggestedForStages": [
      "preSeed",
      "seed",
      "seriesA",
      "seriesB",
      "seriesC",
      "public"
    ],
    "defaultOwningFunctions": [
      "Finance"
    ],
    "stageRelevance": {
      "preSeed": "core",
      "seed": "core",
      "seriesA": "core",
      "seriesB": "core",
      "seriesC": "core",
      "public": "core"
    },
    "definitionSource": {
      "tier": "published",
      "sourceName": "FASB ASU 2016-14, Presentation of Financial Statements of Not-for-Profit Entities",
      "sourceUrl": "https://www.fasb.org/projects/completed-projects",
      "sectionRef": "ASC 958-205 (change in net assets)",
      "publicationDate": "2016-08-01",
      "attributionNotice": null,
      "authorityLevel": "recognized-standard"
    },
    "formula": "change_in_net_assets = total_support_revenue − total_functional_expenses.",
    "whyItMatters": "The period result the board is accountable for, and the line that connects the statement to the operating reserve.",
    "interpretationGuidance": "A planned deficit spending down a restricted award is a different result from an unplanned one; the statement cannot tell them apart, so the narrative must.",
    "relatedKpiIds": [
      "finance.np_total_support_revenue",
      "finance.np_total_functional_expenses",
      "finance.runway_months"
    ],
    "metricBasis": {
      "timeBasis": "period_flow",
      "production": "computed"
    }
  }
}