What is Group Exemption? Group exemptions are a way that similar organizations can share the same tax-exempt status. These organizations are sometimes called "umbrella organizations" because the ...
Nonprofit Q&A: What Does It Mean for a Nonprofit to Lose Tax-Exempt Status?
Since 2011, more than 500,000 tax-exempt entities have lost their tax-exempt status automatically. This started in 2011 when the IRS announced that 275,000 nonprofit groups -- about 18% of the ...
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 ...