A nonprofit organization has received conditional grant from government to implement a project, when shall such a grant be carried to the Income of the NPO?

Immediately the grant is wired to the NPO 's bank account then it is considered as income

Hello Team,

Once you’ve established your nonprofit organization, you’ve figured out your project’s goals and funding needs, and you’ve read up on the world of philanthropy, you may feel ready to look for grant opportunities.

There are two major grant sectors to research:

·         Foundations and corporations

·         Federal, state, and local government agencies.

A foundation is a type of nonprofit organization that exists in order to give money away for charitable purposes. There are several types of foundations and related types of funders, including ones that are run by family members, members of the community, and corporations.

Regards,

Saiyid