An Act amending the act of December 19, 1990 (P.L.1200, No.202), known as the Solicitation of Funds for Charitable Purposes Act, further providing for registration of charitable organizations, financial reports, fees and failure to file.

HB 965 amends Pennsylvania's charitable solicitation law to raise financial reporting thresholds for charities. It requires organizations receiving $1 million or more in annual donations to undergo a full audit by a certified accountant, those with $500,000-$1 million to get a review or audit, and those with $150,000-$500,000 to have a compilation or review. Charities receiving less than $150,000 in annual donations may choose whether to conduct any financial review. The changes apply to contributions received in calendar years after the bill's effective date. This bill directly affects Pennsylvania-based charitable organizations based on their annual contribution levels.