In determining a non-profit organization, it´s legal form is´t crucial, but the purpose and goal of it´s establishment, and the characteristics of it´s activity. The Law on Financial Operations and Accounting of Non-Profit Organizations regulates financial operations, accounting and financial reporting of non-governmental non-profit organizations, while the Ordinance on Reporting in Non-Profit Accounting and the Register of Non-Profit Organizations regulates reporting of non-profit organizations in more detail. Financial statements of non-profit organizations are reports that provide insight into the condition and structure, and show changes in the value and volume of assets, liabilities, own sources, income and expenses. Given the specifics of financial reporting of non-profit organizations, the paper presents financial reporting of non-profit organizations with special reference to the balance sheet for non-profit organizations, income and expenditure report of non-profit organizations, as well as notes to financial statements on the example of the Croatian National Tourist Board. deals with the promotion of the identity and reputation of Croatian tourism in the domestic and foreign markets. It is of common interest for all entities involved in the economic sector tourism and raising the level of the overall tourist offer of Croatia as a large market with various activities. The Croatian National Tourist Board conducts it´s activities according to the annual Work Program and Financial Plan adopted by the Croatian National Tourist Board, and generates revenues from the following sources: sojourn taxes, membership fees of Tourist Boards, the state budget and other sources.