What financial statement provides information about an organization’s profit performance over a specific period?

The income statement is the financial statement that provides information about an organization's profit performance over a specific period. It summarizes revenues, expenses, and profits or losses, allowing stakeholders to understand how much money the organization earned and spent during that timeframe. This statement is crucial for assessing the overall financial health of the organization, including its ability to generate profit from its operations.

In contrast, the balance sheet offers a snapshot of an organization’s assets, liabilities, and equity at a specific point in time, rather than over a period. The cash flow statement focuses on the inflows and outflows of cash within the organization, helping to analyze cash management and liquidity, but it does not provide direct information on profitability. The equity statement details changes in equity, including retained earnings and contributions from owners, which are important but not directly related to profit performance over a period. Thus, the income statement is uniquely positioned to convey profit performance, making it the correct answer.