Home » Services » Nonprofit CFO Services » New York City Nonprofit CFO Services

With Our NYC Nonprofit CFO Services, You Can Take Decisive Action & Grow Your Net Assets 

When you choose us as your nonprofit accountant, you also receive our CFO advisory services.
Serving the greater New York City area’s 19,354,922 residents and 303,933 businesses spanning from Brooklyn Heights to East Village, Greenwich Village, and beyond for all of your New York City nonprofit accounting needs.
ffb75f465f7703affb1be73df82cb2284
New York City Nonprofit CFO Services
iStock-18193851910

Case Study

CASE STUDY: How We Helped a Nonprofit Organization Grow from $40K to $2.2M

We’re the New York City Nonprofit CFO
for You, If You Want:

Expert Guidance
Expert Guidance
We have a plethora of growth strategies up our sleeves, from grants and fundraising to tax strategies, and more.
New Project8
Proactive Solutions
Our nonprofit CFO services are forward-thinking, providing predictive data and strategies before issues arise.
box heart
Funding Support
As your nonprofit CFO, we are here to help you spread the risk by pointing you in the direction of new funders.
New Project7
A Financial Team
We are your quarterback for building your financial team. You can skip the search and come to us first.
«Spend less than you would on an in-house accounting department while getting the peace of mind that comes from having a nonprofit CFO supporting you.»
New Project

Trusted by Nonprofits



“In addition to cutting costs for accounting, Daily Balance has been most responsive to our needs. ”

Nancy R
Nancy R.



“Their ability to step in, respond quickly to needs, and offer cost-saving solutions has been an incredible asset.”

Evan Hawkins
Evan Hawkins FACCC



“Daily Balance has moved us beyond a tiny little non-profit to a thriving business!”

Tina C
Tina C.



“With Daily Balance, we’ve been able to spend 99% of our grants last year and achieve a level of financial health and compliance that we couldn’t reach before.”

Basir Azizi Mutual Assistance Network



“Daily Balance's team of experts have a huge heart for non profits and the essential services they bring to enrich our communities.”

Debra Oto-Kent Health Education Council



“The knowledge that Daily Balance provides enables me to make better decisions in my business.”

Deborah C.



“Using Daily Balance bookkeeping and tax services does not cost you; it saves you stress, time and money.”

David W
David W.



“Syd and his team discuss solutions with us and provide solid options to consider as we are making business decisions.”

Tracey Schaal
Tracey Schaal Community Strong Strategies



“Not being distracted by accounting issues, I can focus on increasing sales and market penetration.”

Gary W.

CPAs Who Have Mastered Bookkeeping Services for Nonprofits

While most CPAs shy away from the confusing and complex nature of nonprofit accounting, we focus solely on it. After having worked with nonprofits with a budget of $1M+ for over 25 years, we understand how to do your accounting like few do. That’s why our clients love working with us.

We are a team of detail-oriented, can-do nonprofit accountants and CPAs who strongly value responsiveness, integrity, excellence, helpfulness, innovation, professionalism, and fun!

We look forward to working with you, so we can help you focus on your programs, reduce headaches, get more funding, produce perfect audits, and look amazing in front of your board, all the while reducing your admin costs.

Syd Highley
Syd Sign Syd Highley, CPA | Daily Balance Managing Principal

What Our New York City Nonprofit CFO Services
Can Do For You:

World-Class Nonprofit CFO Services

On-Call 24/7/365

No Surprises Guarantee

Proactive CPAs

Value-Focused Accounting

30-Day No Fault Agreement

Cloud-Based & Real-Time

Your Comprehensive Nonprofit CFO Advisory Services

Financial Planning & Strategy
Financial Planning & Strategy
New Project3
Financial Reporting & Compliance
Grant & Fund Management
Grant & Fund Management
Risk & Efficiency Management
Risk & Efficiency Management

Meet Your New York City Nonprofit CFO Team

image 40

Syd Highley

Managing Principal, CPA
image 40

Amy Fryatt

Director of Operations
image 40

Julie Asuncion

Accounting Manager

Norie Fabian

Bookkeeper
Tessa Joy De Vera

Tessa Joy De Vera

Bookkeeper
Ilonah Vivas 1

Ilonah Vivas

Bookkeeper

We'll Integrate with Your Accounting Software

Let Us Lighten Your Load!

Book a call to discuss your nonprofit’s unique accounting needs so we can provide you with actionable recommendations that will help you take control of your financials and make a bigger difference.

Fixed Fee

No Surprises
Guarantee

We believe in full transparency and respect, which is why we offer a fixed fee for our nonprofit accounting services – it’s often already included in your program funding anyway.
iStock-172445702 3

Nonprofit CFO Services in NYC & Beyond

Nonprofit Accounting Resources

FAQs

How much do nonprofit accountants make in New York City?
Nonprofit accountants in New York City typically earn between $60,000 and $85,000 annually, depending on experience, qualifications, and the size of the organization. Senior roles such as accounting managers or directors of finance can earn significantly more, often exceeding $100,000 per year.
How much does it cost to file for a nonprofit organization in New York?
Filing a nonprofit in New York requires a fee of $75 to file the Articles of Incorporation with the New York Department of State. Additional costs may include obtaining federal tax-exempt status with the IRS ($275 or $600, depending on the filing method), legal fees, and other administrative expenses.
Do nonprofits pay property tax in New York?
Nonprofits in New York may be exempt from property taxes if they qualify for tax-exempt status and use the property for charitable, educational, or religious purposes. To obtain this exemption, the nonprofit must apply through the local property tax assessor’s office, providing proof of their tax-exempt status.
Can an LLC be a nonprofit in New York?
In New York, an LLC cannot directly be a nonprofit. Nonprofit organizations must be incorporated under the New York Not-for-Profit Corporation Law. However, an LLC may be used in conjunction with a nonprofit or in a hybrid structure, such as a social enterprise, with a mission-driven focus.
How much do nonprofits get paid in New York State?
Nonprofit salaries in New York State vary based on the position, size, and location of the organization. On average, salaries range from $50,000 to $100,000 for administrative and management roles, with executives earning more. Program staff and support roles typically range between $40,000 and $70,000 annually.

1 Fun & 1 Interesting Fact About New York City, NY

central-park-nyc-cr-getty
New York City is a place of superlatives and hidden gems. An interesting fact about the city is that its famous Central Park is not only larger than the entire country of Monaco but also entirely man-made. Spanning 843 acres, this iconic park, completed in 1876, was designed by Frederick Law Olmsted and Calvert Vaux and serves as an urban oasis in the heart of Manhattan. On the fun side, NYC is home to a secret train platform under the Waldorf Astoria hotel, known as Track 61. It was built for President Franklin D. Roosevelt to use during his visits to the city, allowing him to arrive and depart in privacy while also hiding his polio condition from the public. While the platform is no longer in use, it remains a fascinating part of New York’s hidden history. These intriguing layers of both vast public spaces and secret history highlight the city’s ability to surprise and captivate its residents and visitors alike.

New York City Nonprofit Accounting Resources

Nonprofit New York

320 E 43rd St 3rd floor
New York, NY
10017

(212) 502-4191

Support Center for Nonprofit Management

32 Old Slip 24th floor
New York, NY
10005

(212) 924-6744

Robin Hood Foundation

826 Broadway, 9th Floor
New York, NY
10003

(212) 227-6601

New York Council of Nonprofits

272 Broadway
Menands, NY
12204

(518) 434-9194

The New York Community Trust

909 3rd Ave
New York, NY
10022

(212) 686-0010

What is the New York State Society of Certified Public Accountants (NYSSCPA)
The New York State Society of Certified Public Accountants (NYSSCPA) is a professional association founded in 1897, dedicated to serving certified public accountants (CPAs) in New York State. It provides education, resources, and advocacy to support its members in maintaining high standards of practice and ethical conduct. NYSSCPA offers networking opportunities, professional development programs, and guidance on regulatory changes. With a mission to advance the profession and promote public trust, the society also engages in community service and public education about financial literacy and the role of CPAs. It represents over 24,000 members across diverse accounting disciplines.
TYJJUpiD_400x400
What is the New York State Board of Public Accountancy?
The New York State Board of Public Accountancy oversees the licensing and practice of certified public accountants (CPAs) in the state of New York. This board ensures that individuals and firms comply with established laws and standards to maintain the integrity of the accounting profession. Its responsibilities include administering examinations, issuing licenses, monitoring continuing professional education, and enforcing ethical practices. The board also handles complaints and disciplinary actions against CPAs to protect public interests. Operating under the New York State Education Department, the board plays a critical role in upholding the quality and reliability of accounting services in the state.

New York City, NY Local Resources

Greater New York Chamber of Commerce

20 W 44th St #4th
New York, NY
10036

(212) 686-7220

New York City Office of Finance

14406 94th Ave
Jamaica, NY
11435

(718) 298-7500

New York City IRS Taxpayer Assistance Center

290 Broadway
New York, NY
10007

(844) 545-5640

New York City Police Department

1 Police Plaza Path
New York, NY
10038

(646) 610-5000

City of New York City

City Hall Park
New York, NY
10007

(212) 639-9675

Top Companies in New York City, NY

JPMorgan Chase & Co.

383 Madison Ave
New York, NY
10017

Citi

388 Greenwich St
New York, NY
10013

(646) 502-4677

Pfizer

66 Hudson Blvd E
New York, NY
10001

(800) 879-3477

Verizon Communications

140 West St
New York, NY
10007

(212) 395-1000

The New York Times Company

242 W 41st St
New York, NY
10036

(212) 556-4317

American Express

World Financial Center, 200 Vesey St
New York, NY
10285

(212) 640-2000

More About Nonprofit Accounting in New York City, New York

New York City, the largest city in the United States, has a population of over 8 million residents. Known for its iconic skyline, cultural landmarks, and financial influence, NYC is one of the most diverse cities in the world. Its population includes a wide range of ethnic backgrounds, with about 32% identifying as White, 29% as Hispanic or Latino, 24% as Black or African American, and 14% as Asian. The city is also home to a large immigrant population, with over 36% of residents being foreign-born, contributing to its rich multicultural environment.

Residents of New York City are spread across five boroughs: Manhattan, Brooklyn, Queens, The Bronx, and Staten Island. Each borough has its own unique character, with Manhattan known for its business and cultural hubs, Brooklyn for its creative and artistic scene, and Queens for its diversity. NYC is a global center for finance, fashion, media, and education, attracting people from all over the world. Its residents enjoy world-class museums, theaters, and restaurants, as well as the fast-paced lifestyle that defines the city. Despite the hustle, neighborhoods maintain a sense of community, with a wide range of housing and lifestyle options.

Nonprofit accounting in New York City is a critical aspect of managing the finances of the city’s vast charitable sector, which includes arts organizations, social services, healthcare institutions, and educational foundations. Given the size and complexity of the nonprofit landscape in NYC, accounting professionals focus on ensuring compliance with federal and state regulations, particularly those governing tax-exempt entities. Key responsibilities include managing restricted funds, preparing financial statements, and conducting audits to ensure transparency and donor accountability.

The diverse range of nonprofits in New York City requires accountants to navigate complex financial reporting standards, including the Generally Accepted Accounting Principles (GAAP) and IRS rules for nonprofits. Many NYC-based accounting firms specialize in nonprofit services, offering expertise in areas such as grant management, tax compliance, and financial planning. This support enables organizations to focus on their missions while maintaining strong financial health, especially in a city where philanthropy plays a crucial role in addressing social, educational, and cultural needs.

Daily Balance offers bookkeeping, audit representation, and CFO services for nonprofit organizations in the New York City area so they can focus on their mission/programs, rather than their financials. Our clients love our quick response time, fixed fees, and our proactive solutions.

Nonprofit Accounting Firm New York City Also Serves Cities Around New York City, New York

Yonkers, NY
New Rochelle, NY
White Plains, NY
Mount Vernon, NY
Peekskill, NY
Rye, NY
Port Chester, NY
Tarrytown, NY
Harrison, NY
Ossining, NY
Scarsdale, NY
Mamaroneck, NY
Bronxville, NY
Pelham, NY
Dobbs Ferry, NY
Hastings-on-Hudson, NY
Sleepy Hollow, NY
Larchmont, NY
Eastchester, NY
Tuckahoe, NY
Hartsdale, NY
Elmsford, NY
Ardsley, NY
Irvington, NY
Valhalla, NY
Pleasantville, NY
Chappaqua, NY
Briarcliff Manor, NY
Croton-on-Hudson, NY
Cortlandt, NY

New York City Nonprofit Accounting Firm, in New York City is near The Empire State Building which is close to Williamsburg, Tribeca, and SoHo. Central Park, The Statue of Libery, and The Metropolitan Museum of Art are also nearby.
Other locations we serve: