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Total Gross Receipts - According to the Internal Revenue Service, gross receipts are "the total amounts the organization received from all sources during its annual accounting period, without subtracting any costs or expenses."
Fiscal Year - A fiscal year is a one-year period that companies and governments use for financial reporting and budgeting. The standard fiscal year is January – December; however, some organizations prefer July – June, such as schools or organizations that work with them.
