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AUDIT REQUIREMENTS FOR STATE CHARITABLE SOLICITATION REGISTRATIONS AND RENEWALS

Did you know that a number of states require the filing of audited financial statements by a certified public accountant when a charity seeks to file a charitable solicitation registration or seeks to renew the registration or file an annual report?

To assist our nonprofit clients in keeping track of the requirements in each state, COGENCY GLOBAL has compiled a helpful chart that summarizes audit requirements for charitable solicitation registration and renewal.

The chart shows which states:

  • Require charitable solicitation registration.
  • Require an audit for initial registration or renewal.
  • Will accept an audit OR a completed IRS Form 990.

In addition, the chart includes notes about the different audit thresholds and whether they are based on contributions or revenue, along with applicable exclusions.

If you are responsible for your organization’s state charity filings and/or annual report filings, you’ll find this chart to be extremely helpful.