Nonprofit Accounting
Nonprofits face unique financial challenges — from strict compliance requirements to donor reporting and grant tracking. At BlancPeak, our CPA team delivers accurate, transparent, and tailored accounting solutions for nonprofits, so you can focus on your mission while we keep your finances organized and audit-ready.
Why Nonprofit Accounting Matter
Running a nonprofit isn’t just about managing programs — it’s about demonstrating accountability to donors, grantmakers, and regulators. Mistakes in reporting or failure to meet IRS standards can jeopardize funding, tax-exempt status, and public trust. Many organizations also struggle with tracking restricted vs. unrestricted funds or managing complex grant requirements.
We provide specialized nonprofit accounting services that go beyond standard bookkeeping. From preparing IRS Form 990 to creating transparent financial reports for boards and donors, our CPAs ensure your nonprofit meets every compliance standard while maximizing resources for your mission.
What’s Included
Preparation and filing of IRS Form 990
Fund accounting for restricted/unrestricted funds
Donor and grant reporting support
Board-ready financial statements and reports
Compliance with nonprofit accounting standards
Audit and review preparation
We Help With
Confusion around IRS Form 990 filing requirements
Tracking restricted vs. unrestricted funds
Complex donor and grant reporting obligations
Maintaining nonprofit tax-exempt status
Preparing audit-ready financials for boards and regulators
Explore More Business Accounting Services
Nonprofit accounting is one piece of a broader financial foundation. Explore other services in our Business Accounting category:
- Bookkeeping Services — accurate, up-to-date books with CPA oversight
- Payroll Services — compliant payroll processing with tax and employee reporting
- Financial Statements Services — professional balance sheets, income, and cash flow statements
- QuickBooks & Xero Setup — software setup and optimization for seamless accounting
- Ecommerce Accounting — solutions for online businesses with sales tax integration
- Real Estate Accounting — accounting expertise for property owners and investors
- Medical Practice Accounting — specialized support for healthcare practices
FAQs: Nonprofit Accounting
A CPA helps you avoid overpaying taxes and build a strategy that supports your financial goals. Here’s what you need to know about tax filing, planning, and audit representation —whether you’re in New York or anywhere in the US.
What is IRS Form 990, and why is it important?
Form 990 is the annual information return that most nonprofits must file with the IRS. It provides details about your organization’s mission, programs, and finances. Filing accurately and on time is critical — not only for compliance but also because it’s a public document that donors and grantmakers often review before contributing.
How do nonprofits track restricted and unrestricted funds?
Restricted funds are donations earmarked for a specific purpose, while unrestricted funds can be used for general operations. Proper fund accounting ensures money is used according to donor intent and prevents compliance issues. We set up systems that clearly separate and track these funds for transparent reporting.
Can you help with donor and grant reporting requirements?
Yes. Many nonprofits must provide detailed reports to donors or grantors about how funds were used. We prepare accurate, professional reports that build donor trust and ensure continued funding opportunities.
Do small nonprofits really need a CPA?
Even small nonprofits face compliance requirements that can be difficult to manage alone. A CPA not only ensures accuracy and compliance but also provides credibility when applying for grants, seeking donations, or undergoing an audit.
How do you help nonprofits prepare for audits or reviews?
We prepare financial statements and supporting documentation that meet nonprofit audit standards. Our team helps you organize records, reconcile accounts, and ensure compliance before auditors arrive, making the process smoother and less stressful.
