Charlotte Observer | 03/09/2008 | United Way rule pinches small nonprofits: "So why, folks with these nonprofits are asking, does it look like the United Way of Gaston County is making their job even harder?
A new requirement for an annual independent audit -- something that could cost each agency more than $10,000 a year -- has caused nonprofits such as the CRO to leave the United Way fold. These organizations don't have huge budgets -- $100,000 or less. Until now, most provided the United Way with financial statements.
Leaders with CRO, the Belmont Community Organization (BCO) and S.O.C.K.S., which stands for Serving Our Community with Kindness in Springwood, said they won't apply for United Way funding in 2008-09.
To them, full audits are too costly, complicated and unnecessary."
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