PA SB1183

Raises the threshold requiring charitable organizations to obtain a full independent audit from $750,000 to $1,000,000 in annual contributions

Increases the threshold for mandatory financial review or audit from $250,000-$750,000 to $500,000-$1,000,000 in annual contributions

Raises the threshold for mandatory compilation, review, or audit from $100,000-$250,000 to $150,000-$500,000 in annual contributions

Makes compilation, audit, or review optional for organizations receiving less than $150,000 annually (previously $100,000)

Applies to contributions received in calendar years beginning after the effective date and takes effect immediately