MS SB2272

Amends Section 79-11-507 of Mississippi Code to clarify financial reporting requirements for registered charitable organizations based on contribution levels.

Requires organizations receiving over $750,000 annually in monetary donations to file audited financial statements signed by a certified public accountant with complete income and expense details.

Requires organizations receiving $250,000 to $750,000 annually to file reviewed (rather than audited) financial statements by an independent certified public accountant.

Requires organizations receiving under $250,000 annually to file a financial report with basic contribution and disbursement information, signed under penalties of perjury.

All charitable organizations must include IRS forms filed for their most recent fiscal year end with their registration statements, and the Secretary of State may request additional financial information or extend filing deadlines; effective July 1, 2024.