Alabama

Audit Required: No state law requirement.

Statute and Description: Alabama Code § 13A-9-71

Alaska

Audit Required: Yes

Statute and Description: Alaska Admin. Code 2.45.010 requires nonprofits that receive state financial assistance and expend a cumulative total equal to or greater than $750,000 during the entity's fiscal year to submit an annual single audit. Nonprofits receiving money from the state of Alaska that don’t meet the requirements under 2 AAC 45.010 must submit an independent audit every two years. 7AAC 78.230.

Arizona

Audit Required: No state law requirement.

Statute and Description: Ariz. Rev. Stat. § 10-11622

Arkansas

Audit Required: Yes

Statute and Description: Ark. Code §4-28-403(b) | A charitable organization with gross annual revenue over $500,000 must file an audited financial statement prepared by an independent CPA. See Ark. Code Section 4:28:404 for exemptions.


California

Audit Required: Yes

Statute and Description: Cal. Gov. Code §12586(e)(1) | A charitable corporation with gross annual revenue of $2 million or more AND that is already required to file report(s) with the General Attorney must file an audited financial statement prepared by an independent CPA.

Colorado

Audit Required: No state law requirement.

Statute and Description: Colo. Rev. Stat. § 6-16-104

Connecticut

Audit Required: Yes

Statute and Description: Conn. Gen. Stat. § 21a-190c(b) | A charitable organization with gross annual revenue over $500,000 must file an audited financial statement prepared by an independent CPA.

Delaware

Audit Required: No state law requirement

Statute and Description: Del. Code tit. 6 § 25-10


District of Columbia

Audit Required: No state law requirement.

Statute and Description: D.C. Code § 29

Florida

Audit Required: Yes

Statute and Description: FL Ch. 496.407 requires audits for charitable organizations as follows: For those receiving annual contributions of $1 million or more an independent audit is required; for those with annual contributions of at least $500,000 but less than $1 million, the financial statements may be reviewed or audited by an independent CPA, and for those with less than $500,000 in annual contributions, a compilation, audit, or review of the financial statement is optional.

Georgia

Audit Required: Yes

Statute and Description: Ga. Code Ann. § 43-17-5(b)(4) | A charitable organization with contributions over $1 million in either of its two preceding years must file an audited financial statement prepared by an independent CPA. A charitable organization with contributions less than $1 million and over $500,000 in either of its two preceding years must have its financial statement reviewed by an independent CPA. Exceptions: Ga. Code Ann. § 43-17-9

Hawaii

Audit Required: Yes

Statute and Description: Haw. Rev. Stat. § 174: 467B-6.5(b) | A charitable organization required to obtain an audit report by a governmental authority or a third party must file an audited financial statement prepared by an independent CPA and pay a filing fee.


Idaho

Audit Required: No state law requirement.

Statute and Description: Idaho Code Ann. § 30-3-136

Illinois

Audit Required: Yes

Statute and Description: 225 Ill. Comp. Stat. § 460/4 | A charitable organization with annual contributions over $300,000 must file an audited financial statement prepared by an independent CPA. A charitable organization with contributions less than $300,000 and more than $25,000 is only required to file an audited financial statement prepared by an independent CPA if a professional solicitor engages in fundraising.

Indiana

Audit Required: Indiana Code § 5-11-1-9 requires an “examination” (similar to an audit) by the State Board of Accounts when the nonprofit meets the threshold of public fund disbursements. (See Guidelines for Examination of Entities Receiving Financial Assistance from Governmental Sources under Private Examiner Audits.)

Also, for membership organizations, if a member requests copies of financial statements, and if the organization has had its financial statements audited by a CPA, then the organization must provide the member with both the CPA's report and the annual financial statements. Ind. Code § 23-17-27-6

Iowa

Audit Required: No state law requirement.

Statute and Description: Iowa Code § 504.1613


Kansas

Audit Required: Yes

Statute and Description: Kan. Stat. Ann. § 17-1763(c) | A charitable organization with annual contributions over $500,000 must file an audited financial statement prepared by an independent CPA.

Kentucky

Audit Required: No state law requirement.

Statute and Description: Ky. Rev. Stat. Ann. § 14A.6-010

Louisiana

Audit Required: Yes, in certain circumstances, if receiving state funds.

Statute and Description: La. Rev. Stat. Ann. § 24:513(J)(1)(c) | A nonprofit that meets the definition of “quasi-public agency” will be required to conduct an annual independent audit if the nonprofit receives $500,000 or more in revenues in any one fiscal year; a financial review is required if annual revenue is $200,000 or more but less than $500,000; a compilation is required if annual revenue is $50,000 or more but less than $200,000. See LA State Audit Guide for more information.

Maine

Audit Required: Yes

Statute and Description: A charitable organization must be licensed in Maine. The license application does not require an audited financial statement. However, the license must be renewed annually. Me. Rev. Stat. Ann. tit. 9 § 5004(4)(C-D) A charitable organization is only required to file an audited financial statement if the organization already has one in existence at the time of renewal or applies for renewal after the expiration date. Otherwise, the organization may file a balance sheet in lieu of an audited financial statement. Exceptions: Me. Rev. Stat. Ann. Title 9 § 5005


Maryland

Audit Required: Yes

Statute and Description: MD Solicitations Act §6-402 (b)(7) | A charitable organization must file an audited financial statement prepared by an independent CPA if the gross income from charitable contributions is at least $750,000. For organizations with gross annual contributions between $300,000-$750,000 financial statements must be reviewed or audited by an independent CPA.

Massachusetts

Audit Required: Yes

Statute and Description: Mass. Gen. Laws ch. 12, § 8F | A public charity with gross annual support and revenue over $200,000 must file an audited financial statement prepared by an independent CPA together with its annual report. BUT, a public charity with gross annual support and revenue not more than $500,000 may file a financial statement accompanied by an independent certified public accountants review report in lieu of an independent audit.

Michigan

Audit Required: Yes Statute and Description: Mich. Comp. Laws § 400.273 Sec 3(2)(j) | A charitable organization with annual contributions of $500,000 or more must file an audited financial statement prepared by an independent CPA. A charitable organization with annual contributions less than $500,000 and at least $250,000 must file a financial statement that is either reviewed or audited by an independent CPA.

Minnesota

Audit Required: Yes

Statute and Description: Minn. Stat. § 11.309.53(3) | A charitable organization with total annual revenue over $750,000 must file an audited financial statement prepared by an independent CPA.


Mississippi

Audit Required: Yes

Statute and Description: Miss. Code Ann. § 79-11-507 | A charitable organization with annual contributions between $250,000-$500,000 when all of the solicitations and fund-raising functions are conducted solely by volunteers, must file a financial statement reviewed or audited by an independent CPA along with the charitable registration statement required by Section 79-11-503. The Secretary of State may require an audited financial statement prepared by an independent CPA if the organization’s annual revenue is at least $25,000. NOTE: Every charitable organization that uses a professional solicitor for its fundraising functions must file an audited financial statement prepared by an independent CPA.

Missouri

Audit Required: No state law requirement.

Statute and Description: Mo. Rev. Stat. § 355.821.1

Montana

Audit Required: No state law requirement.

Statute and Description: Mont. Code Ann. § 35-2-904

Nebraska

Audit Required: No state law requirement.

Statute and Description: Neb. Rev. Stat.§ 21-1903


Nevada

Audit Required: No state law requirement. Statute and Description: Nev. Rev. Stat. § 82.536

New Hampshire

Audit Required: Yes

Statute and Description: N.H. Rev. Stat. Ann. § 7:28(III-b) | A charitable organization with revenue, gains, and other support of $1 million or more must file an audited financial statement prepared by an independent CPA; nonprofits receiving support of $500,000 or more must submit “the organization's latest financial statement prepared in accordance with generally accepted accounting principles.” Note: If compliance would constitute a financial burden, nonprofits may request an exemption, which, if granted, is valid for 3 years.

New Jersey

Audit Required: Yes

Statute and Description: New Jersey Administrative Code N.J.A.C. 13:48 A charitable organization with total annual revenue of $500,000 or above must submit an independent audit. For those with gross revenue between $25,000 and less than $500,000, the financial statements must be certified by the organization's president or other authorized officer. For more information contact the New Jersey Center for Non-Profits.

New Mexico

Audit Required: Yes

Statute and Description: N.M. Stat. § 57-22-6 | A charitable organization that has revenue in excess of $500,000 "shall be audited by an independent auditor."


New York

Audit Required: Yes

Statute and Description: N.Y. EXC. Law 7A § 172-b | A charitable organization with gross annual revenue over $750,000 must file an audited financial statement prepared by an independent CPA. As of 2021, the threshold will be raised to $1 million. A charitable organization with gross annual revenue less than $250,000 must file a financial statement but it does not need to be one reviewed by an independent CPA; organizations with gross annual revenue of between $250,000-$500,000 must file financial statements reviewed by an auditor. Every charitable organization that uses a professional solicitor in its fundraising functions must file an audited financial statement prepared by an independent CPA.

North Carolina

Audit Required: Yes, in certain circumstances, if receiving state funds.

Statute and Description: : N.C.G.S. 159-40 | A non-governmental entity that receives $500,000 or more annually in state funds , must submit a "Yellow Book" Audit done by CPA that includes a Schedule of Federal and State Awards. The complete report to the funding agency and to the Office of the State Auditor is due within 9 months of organization's year end. Note: An A-133 audit may be substituted for the yellow book audit. Additionally, the State Auditor may conduct an investigation of any nonprofit that receives $1,000 or more in state grant funds and in connection with that review counties and municipalities may require nonprofits receiving at least $1,000 in local grants to conduct an independent audit.

North Dakota

Audit Required: No state law requirement.

Statute and Description: : N.D. Cent. Code § 50-22-04

Ohio

Audit Required: No state law requirement.

Statute and Description: Ohio Rev. Code § 1716.04


Oklahoma

Audit Required: No state law requirement.

Statute and Description: Okla. Stat. tit. 18, § 18-552.3

Oregon

Audit Required: No state law requirement.

Statute and Description: : Or. Rev. Stat. § 65.787

Pennsylvania

Audit Required: Yes

Statute and Description: :audited by an independent CPA. A charitable organization with annual contributions less than $250,000 and at least $100,000 must have a compilation, review, or audit of its financial statements prepared by an independent CPA.

Rhode Island

Audit Required: Yes

Statute and Description: : R.I. Gen. Laws § 5-53.1-4 | All charitable organization are required to submit audited financial statements, but those with gross annual income of $500,000 or less may meet the financial filing requirements by providing either an IRS Form 990, or financial statements for the immediately preceding fiscal year compiled by an independent public or certified accountant.


South Carolina

Audit Required: No state law requirement.

Statute and Description: S.C. Code Ann. § 33-56-30

South Dakota

Audit Required: No state law requirement.

Statute and Description: : S.D. Codified Laws § 47-24-6 and 59-11-24

Tennessee

Audit Required: Yes

Statute and Description: :Tenn. Code Ann. § 48-101-506(b)(2) | A charitable organization with gross annual revenue over $500,000 (excluding grants from government agencies and other 501(c)(3) nonprofits) must file an audited financial statement prepared by an independent CPA.

Texas

Audit Required: No state law requirement.

Statute and Description: : Tex. Bus. & Org. Code § 22.352 | A charitable organization with annual contributions over $10,000 must have current and accurate financial records in accordance with GAAP. Based on these records, the board should prepare or approve a financial report that conforms to AICPA standards. The financial report must be made available to the public (§ 22.353(b)). Exemptions (§ 22.355).


Vermont

Audit Required: No state law requirement.

Statute and Description: : Vt. Stat. Ann. tit. 11B, § 16.22

Utah

Audit Required: No state law requirement.

Statute and Description: Utah Code § 16-6a-1607

Virginia

Audit Required: Yes

Statute and Description: : Va. Code Ann. § 58.1-609.11(C)(4) | A nonprofit organization with gross annual revenue of $1 million or more may be required to provide an audited financial statement prepared by an independent CPA. A nonprofit entity with gross annual revenue less than $1 million and at least $750,000 must provide a financial review by an independent CPA.

Washington

Audit Required: Yes

Statute and Description: : Wash. Rev. Code § 434-120- 107 | A charitable organization with an annual gross revenue exceeding $3 million over the three preceding, fiscal years must file an audited financial statement prepared by an independent CPA. NOTE: Disclosure Requirement: A charitable organization with annual gross revenue of less than $3 million and more than $1 million averaged over the three preceding, fiscal years must disclose to the public either an audited financial statement prepared by an independent CPA or a federal financial reporting form (e.g., IRS Form 990) prepared by an independent CPA.


West Virginia

Audit Required: Yes

Statute and Description: W. Va. Code § 29-19-5(a)(6)(A)-(B) | Charitable organizations with annual contributions over $500,000 must file an audited financial statement prepared by an independent CPA. Charitable organizations with annual contributions in excess of $300,000 but not more than $500,000 must file a financial statement reviewed by an independent CPA.

Wisconsin

Audit Required: Yes

Statute and Description: : Wis. Stat. § 202.11| A charitable organization with annual contributions over $500,000 must file an audited financial statement prepared by an independent CPA. A charitable organization with annual contributions less than $500,000 and over $200,000 must file a financial statement reviewed by an independent CPA.

Wyoming

Audit Required: No state law requirement.

Statute and Description: :: Wyo. Stat. § 17-19-1630

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