Does a New Hampshire Nonprofit Need an Audit?
New Hampshire requires a charitable organization with revenue, gains and other support of $2,000,000 or more to file audited GAAP financial statements with its annual report, a threshold raised from $1,000,000 effective August 6, 2022. Between $500,000 and $1,999,999 GAAP statements are required but need not be audited.
Data as of Sep 21, 2026 · Source: Federal Audit Clearinghouse (public data)
Does a New Hampshire nonprofit need an audit?
New Hampshire requires a charitable organization with revenue, gains and other support of $2,000,000 or more to file audited GAAP financial statements with its annual report, a threshold raised from $1,000,000 effective August 6, 2022. Between $500,000 and $1,999,999 GAAP statements are required but need not be audited.
| Topic | Applies to | Rule | Threshold | Source | Last verified |
|---|---|---|---|---|---|
| State law | revenue, gains and other support of $2,000,000 or more, fiscal years ending after August 6, 2022 | During the 2022 session, the New Hampshire Legislature enacted a law that increased the threshold to $2,000,000, effective August 6, 2022. As a result, any charitable organization with revenue, gains, and other support of $2,000,000 or more is required to file with the Charitable Trusts Unit audited financial statements, along with their Form 990 and annual reports. | $2,000,000 | New Hampshire Department of Justice, Charitable Trusts Unit — Threshold for Requirement for Audited Financial Statements | Last verified: 2026-09-21 |
| State law | revenue, gains and other support between $500,000 and $1,999,999 | Any charitable organization with revenue, gains, and other support of between $500,000 and $1,999,999 must submit with their Forms 990 generally accepted accounting principles financial statements that may or may not be prepared by a certified public accountant. | $500,000 | New Hampshire Department of Justice, Charitable Trusts Unit — Threshold for Requirement for Audited Financial Statements | Last verified: 2026-09-21 |
Common questions
Does a New Hampshire nonprofit need an audit?
New Hampshire requires a charitable organization with revenue, gains and other support of $2,000,000 or more to file audited GAAP financial statements with its annual report, a threshold raised from $1,000,000 effective August 6, 2022. Between $500,000 and $1,999,999 GAAP statements are required but need not be audited.
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.