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.