HI SB1172

Replaces "gross revenue" with "total revenue" for calculating annual filing fees for charitable organizations, defining "total revenue" as the amount used on Internal Revenue Service Form 990.

Clarifies that professional solicitors must file financial reports no more than 90 days after the end of a solicitation campaign and, for campaigns lasting more than one year, within 90 days after each anniversary and final completion.

Requires commercial co-venturers to provide accountings to charitable organizations within 90 days after the end of a charitable sales promotion and, for promotions lasting more than one year, within 90 days after each anniversary and final completion.

Removes the $500,000 contribution threshold for charitable organizations required to submit audited financial statements, making the audit requirement apply based on whether an audit is mandated by governmental authority or third party.

Changes confidentiality protections under public records law to include audited financial statements and financial or banking account information submitted by registered charitable organizations.