PA charities with gross annual contributions of over $25,000 must file an annual Charitable Organization Registration Statement (Form BCO-10) with the PA Bureau of Charitable Organizations. Financial statements must also be submitted with the registration statement. The type of financial statements submitted depends on the organization’s level of gross annual contributions. Act 71 (HB 1420) amends the Charities Act to raise the thresholds for submitting audited, reviewed, or compiled financial statements with Form BCO-10. Old and new thresholds are listed below.
Act 72 also increases the deemed approval time for charitable organization, solicitor, and fundraising counsel registration filings from 10 to 15 days, giving the Bureau more time to review and process registration filings.
Additionally, the Bureau revised Form BCO-10 in August 2017. Be sure to use this new form when filing your annual registration statements this year. Please let us know if you need any help in meeting these filing requirements.