California Charitable Organization Audit Requirements

Article | February 06, 2024

Authored by Atherton

 

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

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Atherton & Associates, LLP was founded almost a century ago by the merger of two of the area’s most successful accounting firms. The firm currently has seven partners who provide services to over 3,500 clients by employing over 50 individuals. As one of the largest accounting firms in the San Joaquin Valley, Atherton & Associates, LLP is a full service firm with Tax, Assurance and Consulting that has the ability and resources to tackle the most complex business situations.

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