Are non-profits required to publish an annual report?

Non-profits are not legally required to publish an annual report in all jurisdictions, but doing so is considered best practice for transparency and accountability. Many organizations choose to create annual reports to communicate their mission, achievements, and financial status to stakeholders, donors, and the public. Moreover, some states may have specific reporting requirements for non-profits that could include financial disclosures. Overall, while it is not mandatory, an annual report can enhance a non-profit's credibility and support fundraising efforts.