CFC Eligibility

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To participate in the CFC, national and international applicants must meet a number of tests that address the organization’s programmatic reach, fiscal controls, and governance.

All applicants must be 501(c)(3) tax exempt.

In addition, all applicants must:

• Provide services in at least 15 states or at least one foreign country.
• Account for funds on an accrual basis in accordance with generally accepted accounting principles (GAAP)
• Commission a full-scale audit by an independent certified public accountant; the audit must be prepared using generally accepted auditing standards (GAAS) or international equivalents
• File an accrual-basis Form 990 with the Internal Revenue Service (unless IRS rules do not require the organization to file), and
• Be governed by an active and responsible board whose members have no material conflict of interest and a majority of whom serve without compensation.

More details including an application form may be found here.