Non-profit organizations, by their nature, provide great value through their missions and services. That is at least part of the reason why they typically receive tax-exempt status, including under Section 501(c)(3) of the Internal Revenue Code (IRC). However, that tax-exempt status is fragile and contingent on meeting and maintaining certain requirements, and an organization can end up losing the status without intending to do so.
One of the requirements of 501(c)(3) organizations is that “no part of the net
Continue Reading What’s the Deal with 501(c)(3)’s? (Part 1)