Our not-for-profit clients encompass the arts, religious and educational entities, charitable and social organizations, as well as foundations, chambers of commerce and trade associations. Many of our professionals hold board positions or chair committees within community non-profits.
Non-profits are operating in an environment that is far more challenging due to changing regulations, increasing compliance and reporting burdens, as well as dwindling funds and community support thanks to the TCJA. COVID and the economic downturn has driven increased demand for services but at the same time revenue streams are declining putting pressure on operations.
Fuoco Group’s non-profit tax and audit professionals understands that regulatory complexity has increased for non-profit organizations, especially those that receive federal funds, inviting more scrutiny from the IRS. Working closely with your organization’s management team, board members and financial committee, our experienced team can provide tax and audit services but also industry leadership, guidance on matters from internal controls to accounting process, and insight to address the nuances of non-profit operations and financial management.