California Charitable Organization Audit Requirements

February 06, 2024 | by Atherton & Associates, LLP

Did you know that charitable organizations with gross revenues of $2 million or more must have audited financial statements prepared by an independent CPA? The $2 million threshold excludes grants received from governmental entities.  Understanding the intricate details of audit requirements for nonprofit organizations is crucial to maintain transparency and uphold financial integrity. At Atherton & Associates, we’re committed to helping nonprofits navigate these complexities and ensure compliance with laws and regulations like the Nonprofit Integrity Act of 2004. If your organization falls within the $2 million revenue category excluding governmental grants, it’s essential to have your financial statements audited by an independent CPA. For any questions or if you’d like to discuss the audit requirements and how they apply to your organization, don’t hesitate to reach out to our office. Our expert advisors are always here to assist you. Please call us at 209-577-4800.

Nonprofit Integrity Act of 2004

California Charity Laws & Regulations

National Council of Nonprofits / California Audit Requirements