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Why must we report information on the Annual Fund-raising Activity Report (AFAR) on a calendar-year basis, when our fiscal-year is different?

April 26, 2017activity afar annual basis calendar-year different fiscal-year fund-raising report

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Why must we report information on the Annual Fund-raising Activity Report (AFAR) on a calendar-year basis, when our fiscal-year is different?

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“The purpose of the AFAR is to facilitate comparison and cross-validation of data, data which ultimately will be invoked to inform decisions made by the public. Use of a uniform reporting period enables comparison between reports filed by Charitable Organizations and their Professional Solicitors, Professional Fund-raising Counsel and Commercial Co-venturers. It also allows our office to compare the information you have submitted on the AFAR with that which you have filed on your IRS Form 990, which normally is based on the calendar-year.