Nonprofit Accounting & Tax
Nonprofit accounting helps you manage funds responsibly, meet reporting requirements and make informed financial decisions that support your mission. Understanding the complexities of fund accounting, nonprofit tax filing, Form 990 filing, revenue recognition, reporting, disclosures, grants, audits and evolving tax regulations helps you stay compliant, protecting your organization and strengthening donor trust.
Nonprofits approved for tax-exempt status under Internal Revenue Code 501(c)(3) are not required to pay federal income taxes. However, nonprofits still might need to pay Unrelated Business Income Tax (UBIT), sales tax, excise tax, payroll tax and/or state and local tax (SALT). The IRS requires most tax-exempt nonprofits and all private foundations to file annual informational returns (Form 990) regardless of taxable activities.
Explore the nonprofit accounting resources below to navigate complex requirements, improve financial stewardship and keep your organization focused on delivering impact. When you need additional guidance, our nonprofit accounting and tax consultants (CPAs) can help you simplify compliance and build a stronger financial future for your mission.
See also: Nonprofit Industry Consulting
