Statement on Financial Resources
As a non-profit Accreditation body, Pennsylvania Accreditation Centre(PAC) is committed to ensuring the long-term sustainability of our operations while maintaining the highest standards of financial integrity and transparency. Our financial resources are primarily derived from accreditation fees, donations, grants who share our commitment to advancing quality, standards, and accountability within the industry.
We strive to maintain a balanced budget, ensuring that income generated is reinvested into our accreditation processes, capacity building, and outreach efforts to support the broader community we serve. The organization adheres to a rigorous financial management framework, guided by ethical standards, to ensure that our funds are allocated in alignment with our mission and values.
Additionally, as a non-profit entity, we prioritize transparency and accountability. Our financial statements are regularly audited by independent third-party firms, and we provide comprehensive annual reports that are made available to our stakeholders. This ensures that our financial practices are in line with best practices, reinforcing the trust and confidence placed in us by our members, customers, and donors.
We are committed to managing our financial resources responsibly to achieve long-term impact, drive continuous improvement in the sectors we serve, and ensure that our accreditation activities remain sustainable and impactful.
