What is a fiscal sponsorship? A fiscal sponsorship is an arrangement in which a 501(c)(3) nonprofit tax-exempt organization (the "fiscal sponsor") shares its tax-exempt status to another group for a ...
What are the benefits of having 501(c)(3) tax-exempt status?
Benefits of Tax-Exempt Status under IRC Section 501(c)(3) There are numerous benefits of having 501c3 tax-exempt status: Exemption from federal income tax; Tax-deductible ...
Nonprofit Q&A: How do we “prove” that our nonprofit has 501(c)(3) tax-exempt status?
A donor may want verification that your organization is a qualified tax-exempt entity. The most common way to show tax status is to give the donor a copy of your organization’s IRS determination ...
Nonprofit Law Q&A: How Do I Form a 501(c)(3) Nonprofit Corporation?
How Do I Form a 501(c)(3) Nonprofit Corporation? If you want to start a nonprofit, you should first understand that "501(c)(3)" tax-exempt status and "nonprofit" corporate status are two different ...