In general, IRS and GAAP requirements for reporting expenses by their functional classification are the same, although GAAP requires more detailed reporting than the IRS. The IRS requires that expenses be classified in one of three categories: program services, management and general or fundraising.
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Full Definition of INNATE. 1. 2. : belonging to the essential nature of something: inherent. 3. : originating in or derived from the mind or the constitution of the intellect rather than from experience.â inÂ·nateÂ·ly adverb. â inÂ·nateÂ·ness noun. See innate defined for English-language learners. â¦ the delays innate in both serial and book publication â¦ âWalter Rundell, American Association of University Professors Bulletin, September 1971.