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Charities Filing Update: S.B. 2077
JACKSON, Miss – Beginning July 1, 2023, per Senate Bill 2077 passed during the 2023 Legislative Session, the new filing threshold for audit requirements has been increased to $750,000 in monetary donations. The previous threshold for filing an audited financial statement was $500,000 in contributions. The audit should be prepared using the cash basis measurement.
For questions or more information, contact our Charities Division at (601) 359-1599, email charities.customerservice@sos.ms.gov, or visit sos.ms.gov/charities.
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