What is the difference between the financial statement of a profit organization and a non-profit organization?

profit organisation : following are prepared under US GAP

* statement of financial position/balance sheet 

* income statement 

* statement of cash flows

* statement of stockholder's equity

* notes to the financial statements

assets =liabilities+ owner's equity

NON-profit organisation: following are prepared:

* statement of financial position

* statement of activities

* statement of functional expenses

* statement of cash flows

* notes to the financial statements

basic accounting equation is used here: assets = liabilities+net assets