Nonprofit Accounting in Los Angeles

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.

501(c)(3) organizations, as charitable nonprofits, often undergo financial audits to uphold compliance, demonstrate financial integrity, and maintain credibility with donors. These audits are crucial in ensuring adherence to regulatory standards.

At P&N, we provide the expert oversight needed to navigate these financial reviews, ensuring transparency and accountability for nonprofit organizations in Los Angeles.

Nonprofit accounting differs from standard business accounting because it focuses on managing and reporting individual funds separately. Properly categorizing income and expenses ensures compliance and financial clarity.

Key components of nonprofit financial management include detailed financial statements, accurate reporting, and strict adherence to regulatory guidelines. Using advanced accounting practices and software solutions, our nonprofit accounting firm in Los Angeles helps organizations maintain financial health while staying focused on their mission.

We work with a diverse range of nonprofit clients, from newly established organizations to well-established entities with a global reach. Our clients benefit from expert guidance, hands-on support from dedicated partners, and a specialized tax team exclusively serving the nonprofit sector. Some of the organizations we serve 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