05/19/2026
EQUITY (or Net Assets) = What remains after liabilities are subtracted from assets.
This is often where churches get stuck....
Because nonprofits often use "net assets" instead of "equity" - and suddenly everyone starts squinting at restricted vs. unrestricted funds.
Here’s the simple version:
-This is the financial value your church is stewarding.
-Not all money in the bank is available to spend.
-That distinction matters.
-A lot.
Check out our latest blog with more about the Balance Sheet: https://www.churchcentraloffice.com/blog/balance-sheet-cheat-sheet
PLUS we created a Balance Sheet Cheat Sheet just for churches. https://www.churchcentraloffice.com/balance-sheet-cheat-sheet