Does a Mississippi Nonprofit Need an Audit?
Mississippi requires a registered charitable organization receiving more than $750,000 of contributions in a fiscal year to file a financial statement with an opinion signed by an independent certified public accountant, and a reviewed statement from $250,000.
Data as of Sep 21, 2026 · Source: Federal Audit Clearinghouse (public data)
Does a Mississippi nonprofit need an audit?
Mississippi requires a registered charitable organization receiving more than $750,000 of contributions in a fiscal year to file a financial statement with an opinion signed by an independent certified public accountant, and a reviewed statement from $250,000.
| Topic | Applies to | Rule | Threshold | Source | Last verified |
|---|---|---|---|---|---|
| State law | contributions in excess of $750,000 via monetary donations in a fiscal year | Every charitable organization registered pursuant to Section 79-11-503 that shall receive in any fiscal year contributions in excess of Seven Hundred Fifty Thousand Dollars ($750,000.00) via monetary donations ... shall file a financial statement for its most recently completed fiscal year with the Secretary of State. ... The statement shall be signed by the president or other authorized officer and the chief fiscal officer of the organization, and shall be accompanied by an opinion signed by an independent certified public accountant that the financial statement therein fairly represents the financial operations of the organization in sufficient detail to permit public evaluation of its operations. | $750,000 | Miss. Code Ann. § 79-11-507(1) | Last verified: 2026-09-21 |
| State law | contributions of at least $250,000 but not more than $750,000 where all fund-raising is carried on by unpaid persons | Every organization registered pursuant to Section 79-11-503 that shall receive in any fiscal year contributions of at least Two Hundred Fifty Thousand Dollars ($250,000.00) but not more than Seven Hundred Fifty Thousand Dollars ($750,000.00) via monetary donations and all of whose fund-raising functions are carried on by persons who are unpaid for their services shall file a financial statement reviewed by an independent certified public accountant. | $250,000 | Miss. Code Ann. § 79-11-507(2) | Last verified: 2026-09-21 |
Common questions
Does a Mississippi nonprofit need an audit?
Mississippi requires a registered charitable organization receiving more than $750,000 of contributions in a fiscal year to file a financial statement with an opinion signed by an independent certified public accountant, and a reviewed statement from $250,000.
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.