Nonprofit Accounting in Detroit

Nonprofit accounting is a specialized form of accounting used by charitable and mission-driven organizations.  Unlike for-profit entities that generate revenue through products or services, nonprofits primarily rely on donations and grants to fund their causes. 

Donors and board members need to see how funds are used toward the intended programs and purposes.  At P&N, our nonprofit accounting ensures financial transparency and accountability.  

40+ years of celebrating the power of philanthropy by supporting our clients and their vital initiatives.

For 501(c)(3) organizations, financial audits are often necessary to maintain compliance, build donor trust, and demonstrate financial responsibility. These audits provide assurance that funds are used appropriately and in line with regulatory expectations.

P&N’s team delivers expert audit support, helping nonprofit organizations in Detroit remain compliant and financially transparent while strengthening donor confidence.

Nonprofit accounting differs significantly from for-profit accounting, as it requires detailed tracking of restricted and unrestricted funds. Proper financial reporting ensures that funds are allocated correctly and meet regulatory requirements.

Clear financial statements, accurate reporting, and compliance with legal standards are essential for sustainable nonprofit management. Our nonprofit accounting firm in Detroit provides the financial expertise and software solutions needed to maintain financial health while furthering the organization’s mission.

We proudly serve nonprofits of all sizes, from small grassroots initiatives to large, well-established organizations. Our clients benefit from hands-on support, experienced professionals, and a dedicated tax team that specializes in nonprofit financial management. Some of the organizations we assist include:

• Affordable housing entities
• Charitable organizations
• Educational institutions
• Healthcare organizations
• Membership organizations and trade associations
• Museums, arts and cultural institutions
• Private country and social clubs
• Public and private foundations
• Religious entities
• Social services agencies