A compiled financial statement or compilation is a copy of the organization’s financial statements prepared by an accounting firm. Often a nonprofit may be asked for a compilation by their bank or a state regulator. Compiled financial statements are less time-consuming and less costly than audited financial statements or reviewed financial statements. The accounting firm does not take an opinion regarding compiled financial statements.

If your nonprofit needs to file an IRS Form 990, Form 990-EZ, or other form, we can help. While Labyrinth does not provide this service,we have a network of partners who can help you with the preparation and filing of your IRS Form 990. Contact us now to be connected with one of our partners.