HB 965 — An Act amending the act of December 19, 1990 (P.L.1200, No.202), known as the Solicitation of Funds for Charitable Purposes Act, further providing for registration of charitable organizations, financial reports, fees and failure to file.

PRINTER'S NO.   1042

                     THE GENERAL ASSEMBLY OF PENNSYLVANIA



                         HOUSE BILL
                         No. 965
                                               Session of
                                                 2025

     INTRODUCED BY SALISBURY, GREINER, HILL-EVANS, SANCHEZ, MADDEN,
        BRENNAN, DAVIDSON AND CERRATO, MARCH 19, 2025

     REFERRED TO COMMITTEE ON STATE GOVERNMENT, MARCH 19, 2025


                                    AN ACT
 1   Amending the act of December 19, 1990 (P.L.1200, No.202),
 2      entitled "An act providing for the registration and
 3      regulation of solicitations by charitable organizations,
 4      professional fundraisers and other solicitors; imposing
 5      additional powers on the Department of State and the Office
 6      of Attorney General; prescribing civil and criminal
 7      penalties; and making a repeal," further providing for
 8      registration of charitable organizations, financial reports,
 9      fees and failure to file.
10      The General Assembly of the Commonwealth of Pennsylvania
11   hereby enacts as follows:
12      Section 1.    Section 5(f) of the act of December 19, 1990
13   (P.L.1200, No.202), known as the Solicitation of Funds for
14   Charitable Purposes Act, is amended to read:
15   Section 5.   Registration of charitable organizations; financial
16                    reports; fees; failure to file.
17      * * *
18      (f)   Audit of certain financial reports.--[The] Except as
19   provided under section 9(l), the financial report of every
20   charitable organization which receives annual contributions of
21   [$750,000] $1,000,000 or more shall be audited by an independent
 1   certified public accountant or public accountant. Every
 2   charitable organization which receives annual contributions of
 3   at least [$250,000] $500,000, but less than [$750,000]
 4   $1,000,000, shall be required to have a review or audit of their
 5   financial statements performed by an independent certified
 6   public accountant or public accountant. Every charitable
 7   organization which receives annual contributions of at least
 8   [$100,000] $150,000, but less than [$250,000] $500,000, shall be
 9   required to have a compilation, review or audit of their
10   financial statements performed by an independent certified
11   public accountant or public accountant. A compilation, audit or
12   review is optional for any charitable organization which
13   receives annual contributions of less than [$100,000] $150,000.
14   Audits shall be performed in accordance with generally accepted
15   auditing standards, including the Statements on Auditing
16   Standards of the American Institute of Certified Public
17   Accountants, whereas reviews shall be performed in accordance
18   with the Statements on Standards for Accounting and Review
19   Services of the American Institute of Certified Public
20   Accountants.
21      * * *
22      Section 2.   This act shall apply to contributions received in
23   calendar years beginning after the effective date of this
24   section.
25      Section 3.   This act shall take effect immediately.




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