Massachusetts Adjusts Financial Thresholds
November 20, 2024 Massachusetts Eases Nonprofit Financial Reporting with Economic Development Bill Massachusetts’ Economic Development Bill (H.5100), signed into law on November 20, 2024, and effective immediately, updates financial reporting for public charities. The bill raises the audit threshold from $500,000 to $1,000,000 in gross support and revenue, requiring only a reviewed financial statement for […]
Wisconsin Raises Audit and Review Thresholds
March 23, 2024 Wisconsin’s AB 912 Eases Financial Reporting for Nonprofits Signed into law on March 21, 2024, as 2023 Wisconsin Act 151, and effective for fiscal years beginning on or after March 23, 2024, Assembly Bill 912 raises financial reporting thresholds for charitable organizations under Wisconsin Statutes § 202.12. The audit threshold for submitting […]