About 501 CPAs

501CPAs is a nonprofit-focused accounting and CPA practice based in Washington, DC. We work exclusively with nonprofits, associations, and other tax-exempt organizations that need more than generic small-business bookkeeping.

As nonprofit accountants, we understand that you answer to boards, funders, regulators, members, and the communities you serve. Your Form 990 is public, your financial statements are scrutinized, and mistakes can cost you credibility, funding, or even your tax-exempt status.

501CPAs exists to make sure that doesn’t happen.

We’re a dedicated nonprofit CPA practice built around one simple idea: nonprofit accounting shouldn’t be an afterthought. It should be a strategic advantage.

Nonprofit Accounting Is All We Do

Nonprofit accounting is not the same as small-business accounting. You live in a world of:

  • Restricted and unrestricted funds

  • Grant compliance and reporting

  • Functional expenses and program vs. admin vs. fundraising allocations

  • 990s, audits, reviews, and sometimes Uniform Guidance and single audits

These areas come with their own accounting standards, tax rules, and disclosure requirements.

Many generalist firms “also do nonprofits.” We don’t. 501CPAs is built around nonprofit accounting, all day, every day. Our work centers on:

  • Nonprofit bookkeeping and fund accounting

  • Form 990 and related tax filings

  • Audit and review preparation

  • Board and funder reporting

  • Internal controls and financial policies for nonprofits

That focus allows us to develop deeper expertise than a typical industry-agnostic firm and to act as true subject matter experts for nonprofit leaders.

Black and white photo of the Washington Monument in Washington, DC.

Ready to Work With a Nonprofit Accounting Partner?

If you’ve outgrown generic bookkeeping and want a nonprofit accounting firm that understands boards, funders, and Form 990s, we’d like to meet you.

  • Talk through your current accounting setup

  • Identify risks around compliance, 990 reporting, restricted funds, and audits

  • Map out what a right-sized outsourced nonprofit accounting solution could look like for your organization

Schedule a 20-minute consult today and let’s see if 501CPAs is the right nonprofit CPA partner for you.