Tax-exempt entities are referred to as “non-profit” organizations, but they are truly big business operations generating a lot of money by serving a public benefit. Two Los Angeles entrepreneurs recently launched a new online company for charitable fundraising.
Many new corporations start as tax-exempt organizations by operating as a business with a social goal. The IRS grants the tax exemption when a corporation’s profit is used to serve a community interest. Your only income from having such a tax-exempt corporation is the salary you receive. But you serve an important mission and perhaps […]
If you are involved with an organization who has a primary mission that would be considered charitable in nature, you may consider yourself a non-profit organization. These organizations, however, are often the subject of confusion when it comes to the laws and designations which govern them. If your organization is new or doesn’t currently have […]
A change in West Virginia regulations regarding nonprofit organizations will make it easier for many smaller charitable organizations in the state to keep their tax exempt status.
The Internal Revenue Service continues to urge thousands of 501(c)(3) charitable organizations that missed last month’s tax deadline to file their paperwork as soon as possible.
Grassroots nonprofits are a great way to get a mass movement behind a social mission. Still, the more popular they become, the more skeptical donors become about protecting themselves against scams.