The Evangelical Council for Financial Accountability (ECFA) is an accreditation agency to promote fiscal integrity and sound financial practices among member organizations. Founded in 1979, it comprises over 2,000 evangelical Christian organizations which qualify for tax-exempt, nonprofit status and receive tax-deductible contributions. As of 2006, the total income of ECFA member organizations is reported to be approximately $15 billion.
The orga...
more
The Evangelical Council for Financial Accountability (ECFA) is an accreditation agency to promote fiscal integrity and sound financial practices among member organizations. Founded in 1979, it comprises over 2,000 evangelical Christian organizations which qualify for tax-exempt, nonprofit status and receive tax-deductible contributions. As of 2006, the total income of ECFA member organizations is reported to be approximately $15 billion.
The organization has, since its inception, been based in the Washington, DC area with offices presently in Winchester, Virginia.
The ECFA was founded at a time when there had been several proposals in the U.S. Congress to enact laws that would result in the regulation of all not-for-profit entities.
ECFA was founded with the establishment of seven standards of accountability that covered board governance, the requirement for audited financial statements, the requirement for public disclosure of the audited financial statements, the avoidance of...
less
