PRINTER'S NO. 1042
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. 965
Session of
2025
INTRODUCED BY SALISBURY, GREINER, HILL-EVANS, SANCHEZ, MADDEN,
BRENNAN, DAVIDSON AND CERRATO, MARCH 19, 2025
REFERRED TO COMMITTEE ON STATE GOVERNMENT, MARCH 19, 2025
AN ACT
1 Amending the act of December 19, 1990 (P.L.1200, No.202),
2 entitled "An act providing for the registration and
3 regulation of solicitations by charitable organizations,
4 professional fundraisers and other solicitors; imposing
5 additional powers on the Department of State and the Office
6 of Attorney General; prescribing civil and criminal
7 penalties; and making a repeal," further providing for
8 registration of charitable organizations, financial reports,
9 fees and failure to file.
10 The General Assembly of the Commonwealth of Pennsylvania
11 hereby enacts as follows:
12 Section 1. Section 5(f) of the act of December 19, 1990
13 (P.L.1200, No.202), known as the Solicitation of Funds for
14 Charitable Purposes Act, is amended to read:
15 Section 5. Registration of charitable organizations; financial
16 reports; fees; failure to file.
17 * * *
18 (f) Audit of certain financial reports.--[The] Except as
19 provided under section 9(l), the financial report of every
20 charitable organization which receives annual contributions of
21 [$750,000] $1,000,000 or more shall be audited by an independent
 1 certified public accountant or public accountant. Every
2 charitable organization which receives annual contributions of
3 at least [$250,000] $500,000, but less than [$750,000]
4 $1,000,000, shall be required to have a review or audit of their
5 financial statements performed by an independent certified
6 public accountant or public accountant. Every charitable
7 organization which receives annual contributions of at least
8 [$100,000] $150,000, but less than [$250,000] $500,000, shall be
9 required to have a compilation, review or audit of their
10 financial statements performed by an independent certified
11 public accountant or public accountant. A compilation, audit or
12 review is optional for any charitable organization which
13 receives annual contributions of less than [$100,000] $150,000.
14 Audits shall be performed in accordance with generally accepted
15 auditing standards, including the Statements on Auditing
16 Standards of the American Institute of Certified Public
17 Accountants, whereas reviews shall be performed in accordance
18 with the Statements on Standards for Accounting and Review
19 Services of the American Institute of Certified Public
20 Accountants.
21 * * *
22 Section 2. This act shall apply to contributions received in
23 calendar years beginning after the effective date of this
24 section.
25 Section 3. This act shall take effect immediately.
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Statutes/Laws affected:
Printer's No. 1042: P.L.1200, No.202