The Office of Personnel Management (OPM) is temporarily changing some rules for charities participating in the Combined Federal Campaign (CFC), the largest workplace charity campaign. For 18 months starting on December 18, 2024, OPM is easing financial audit requirements to help charities with annual revenues of $1 million or less. Charities with revenues between $750,000 and $1 million from CFC donations will have fewer stringent requirements. OPM aims to attract more charities and donors by reducing these financial hurdles.
Simple Explanation
The Office of Personnel Management is letting smaller charities in a big federal charity campaign follow fewer strict money rules for a year and a half, hoping more charities will join and people will want to give more. But some are worried this might make it harder to keep track of how the money is used.