Does a Tennessee Nonprofit Need an Audit?
Tennessee requires a charitable organization registering to solicit to file an audited financial statement if it grossed more than $500,000 in revenue, excluding grants from government agencies and 501(c)(3) private foundations. Organizations raising $30,000 or less may claim an exemption instead.
Data as of Sep 21, 2026 · Source: Federal Audit Clearinghouse (public data)
Does a Tennessee nonprofit need an audit?
Tennessee requires a charitable organization registering to solicit to file an audited financial statement if it grossed more than $500,000 in revenue, excluding grants from government agencies and 501(c)(3) private foundations. Organizations raising $30,000 or less may claim an exemption instead.
| Topic | Applies to | Rule | Threshold | Source | Last verified |
|---|---|---|---|---|---|
| State law | more than $500,000 in gross revenue, excluding grants from government agencies and 501(c)(3) private foundations | An audited financial statement if the organization grossed more than $500,000 in revenue, excluding grants from government agencies and 501(c)(3) private foundations. | $500,000 | Tennessee Secretary of State, Filing Instructions for the Initial Registration Form (June 2021 revision, TCA § 48-101-501 et seq.) | Last verified: 2026-09-21 |
Who enforces this in Tennessee?
The first rule in the table comes from Tennessee Secretary of State, Filing Instructions for the Initial Registration Form (June 2021 revision, TCA § 48-101-501 et seq.). Check that source for the Tennessee office and the filing instructions that apply to your organization.
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.
Read what the single audit threshold means or check whether an organization needs a federal single audit.
Tennessee nonprofit single audits in the federal data
The federal single audit is a separate requirement. These pages count the Tennessee nonprofit filings in the Federal Audit Clearinghouse and the firms named on them.
Common questions
Does a Tennessee nonprofit need an audit?
Tennessee requires a charitable organization registering to solicit to file an audited financial statement if it grossed more than $500,000 in revenue, excluding grants from government agencies and 501(c)(3) private foundations. Organizations raising $30,000 or less may claim an exemption instead.