Pennsylvania SB1183 amends the Solicitation of Funds for Charitable Purposes Act to adjust financial reporting requirements for charitable.

Pennsylvania SB1183 modifies the Solicitation of Funds for Charitable Purposes Act to change financial reporting requirements for charitable organizations. Organizations receiving annual contributions of $1,000,000 or more must have their financial reports audited. Those receiving between $500,000 and $1,000,000 must have a review or audit. Organizations receiving between $150,000 and $500,000 must have a compilation, review, or audit. This act applies to organizations receiving annual contributions of $150,000 or more.

Pennsylvania SB1183 amends the Solicitation of Funds for Charitable Purposes Act to adjust financial reporting requirements for charitable.

Pennsylvania SB1183 modifies the Solicitation of Funds for Charitable Purposes Act to change financial reporting requirements for charitable organizations. Organizations receiving annual contributions of $1,000,000 or more must have their financial reports audited. Those receiving between $500,000 and $1,000,000 must have a review or audit. Organizations receiving between $150,000 and $500,000 must have a compilation, review, or audit. This act applies to organizations receiving annual contributions of $150,000 or more.