What are adjusted unrestricted net assets?

Adjusted unrestricted net assets refer to the portion of a nonprofit organization's net assets that are available for general use, excluding any donor restrictions or designated funds. This figure is adjusted to account for any board-designated funds or other internal constraints that limit the use of those assets. Essentially, it provides a clearer picture of the organization's financial flexibility and resources that can be readily deployed for mission-related activities. It helps stakeholders assess the true financial health and operational capacity of the organization.