Know your nonprofit audit cost before you sign
If a funder, lender or board has asked for audited statements, you pay the nonprofit audit cost out of your program budget. We read your draft statements, set the fee from your annual gross revenue and quote it before you sign.
How much does an audit cost for a small nonprofit
You pay from $4,500 for an audit. If your funder accepts less assurance, you pay less for a review or a compilation:
- Auditor's opinion
Financial statement audit
From $4,500
- We test transactions, confirm balances with third parties and evaluate internal controls.
- You receive an auditor's opinion, audited statements and a management letter.
- Buy this when a funder, lender or regulator asks for audited statements.
Financial statement review
From $3,200
- We analyze trends and ratios and ask management about variances to give limited assurance, without the bank confirmations or controls testing used in an audit.
- You receive a review report and reviewed statements.
- Buy this when a funder or lender asks for reviewed statements.
Financial statement compilation
From $1,800
- We present your financial information in the form of financial statements, without verifying the figures or giving assurance.
- You receive the statements with our compilation report.
- Buy this when your board needs statements and no funder or lender asks for assurance.
We price Single Audits and employee benefit plan audits after we review your schedule of federal awards or your plan records.
When does a nonprofit need an audit
Your funders, your state and your board each set nonprofit audit requirements. Find yours before you ask for a quote:
- Federal awards
- Spend $1,000,000 or more in federal awards in a fiscal year and you need a Single Audit of your statements and your federal programs under 2 CFR 200.501. If you spend under one federal program only, you may qualify for a narrower program-specific audit of that program instead.
- Grant or loan terms
- Your funder or lender names the service in the agreement, either an audit or a review.
- State charity registration
- If your state sets a revenue threshold for charities that solicit donations, its charity regulator tells you whether to file audited or reviewed statements.
- Bylaws or board policy
- Your board names the service in the bylaws or a board policy.
The IRS asks in Part XII of Form 990 whether an independent accountant compiled, reviewed or audited your statements. If you skipped an audit that a federal award required, you explain why in Schedule O.
How we price your nonprofit audit
Statements ready to audit
You send a balance sheet, a statement of activities and a trial balance. If your books are behind, we quote the catch-up as separate bookkeeping work before we start the audit.
Annual gross revenue
We spend more testing hours at higher revenue, so we set your nonprofit audit cost from your revenue bracket.
The auditing standard
If a funder requires Government Auditing Standards, known as the Yellow Book, or a Single Audit, we add compliance testing to the financial statement audit.
Restricted gifts and grants
We test the donor restrictions and grant conditions you report, and we spend more hours on several restricted funds than on one.
Your deadline
We need several weeks for an audit because we confirm balances with your bank and other third parties. If your funder needs the report sooner, we quote a rush surcharge.
Tell us your funder's deadline in your first message, and we will quote to that timeline.
How to lower your nonprofit audit cost
You control four of the hours we bill:
Close the books first
Reconcile each bank and card account through year end before fieldwork, so we test your figures and do not rebuild them.
Keep the grant file together
Put each award letter, budget and report in one place, so we trace a grant once.
Book before year end
Reserve your fieldwork dates while your close is still open, so we schedule to your funder's deadline without a rush surcharge.
Stay with one firm
We spend more hours in your first year learning your systems, and fewer in each year after.
Work through the audit readiness checklist before you send us your statements.
Can you charge a Single Audit to your federal awards
Under 2 CFR 200.425, you may charge a reasonably proportionate share of the cost of a required Single Audit to your federal awards. If you are exempt, you cannot charge your audit to those awards, except for a limited agreed-upon procedures check that the organization passing you the award arranges and pays for.
Ask us to price it before you set the award year budget.
Will your funder accept a review instead of an audit
We check whether a review meets your funder's requirement before we quote an audit. Send last year's statements, your trial balance and the funder's request.
500+
audit and attestation engagements
50
states served
AICPA
peer-reviewed firm
16+
years auditing experience
Firm figures, as of September 2026.
George Dimov on how fast the firm replies:
We always had a 24-hour rule at the company. And really, if you ask me, it's a same day rule. The same day rule means that if you contact us and you're a client, you'll get a response that day, worst case, within 24 hours.
On a small nonprofit's annual review:
Our small nonprofit needed an annual accountants review and we were having trouble finding a firm which performs reviews. Dimov has done our review for several years now. They communicated clearly what information and support they needed and performed the review in a reasonably short time at an affordable price.
Related services
- 01Nonprofit audit services
- 02Financial statement audits
- 03Financial statement reviews
- 04Yellow Book audits
- 05Church audit services
Prices are starting points for standard services. Treat the information as general, and ask a CPA to assess your requirements before you engage anyone.
Ask for your nonprofit audit quote
Send your draft statements and your funder's request, and we will reply with your nonprofit audit cost.
Get your audit quote
Contact
Connect with Dimov Audit
Our dedicated team is ready to assist you on your path to financial success.
24 Mercer St, 2nd Floor, Suite 214
New York, NY 10013
United States
Reviewed by George Dimov, CPA. Dimov Audit audits, reviews and compiles financial statements for nonprofits, and quotes each service before work begins. George brings 20+ years of accounting and consulting experience. Profile