Does a Florida Nonprofit Need an Audit?
Florida requires a charitable organization registered to solicit to have its annual financial statement audited by an independent CPA once it receives $1 million or more in annual contributions; between $500,000 and $1 million a review is enough.
Data as of Sep 20, 2026 · Source: Federal Audit Clearinghouse (public data)
Does a Florida nonprofit need an audit?
Florida requires a charitable organization registered to solicit to have its annual financial statement audited by an independent CPA once it receives $1 million or more in annual contributions; between $500,000 and $1 million a review is enough.
| Topic | Applies to | Rule | Threshold | Source | Last verified |
|---|---|---|---|---|---|
| State law — audit | $1 million or more in annual contributions | For a charitable organization or sponsor that receives $1 million or more in annual contributions, the financial statement shall be audited by an independent certified public accountant. | $1,000,000 | Fla. Stat. § 496.407(1)(b)3. | Last verified: 2026-09-20 |
| State law — review or audit | at least $500,000 but less than $1 million in annual contributions | For a charitable organization or sponsor that receives at least $500,000 but less than $1 million in annual contributions, the financial statement shall be reviewed or audited by an independent certified public accountant. | $500,000 | Fla. Stat. § 496.407(1)(b)2. | Last verified: 2026-09-20 |
| State law — optional below the first tier | less than $500,000 in annual contributions | For a charitable organization or sponsor that receives less than $500,000 in annual contributions, a compilation, audit, or review of the financial statement is optional. | — | Fla. Stat. § 496.407(1)(b)1. | Last verified: 2026-09-20 |
Common questions
Does a Florida nonprofit need an audit?
Florida requires a charitable organization registered to solicit to have its annual financial statement audited by an independent CPA once it receives $1 million or more in annual contributions; between $500,000 and $1 million a review is enough.
How does this differ from the federal single audit?
The federal single audit applies when a nonprofit spends $1,000,000 or more in federal awards in a fiscal year beginning on or after October 1, 2024 ($750,000 for earlier fiscal years). State rules are separate and are listed on this page.