Tax Exemption

The United States Internal Revenue Service grants nonprofit tax exempt status to organizations meeting their guidelines. Such organizations are commonly referred to by the IRS regulation, 501 (c) 3.

501 (c) 3 organizations are prohibited from engaging in certain pursuits, such as influencing elections and other political activity.

Charitable Giving and Tax Deductions

Donors should be issued a receipt for their tax deductible contribution in order to document their donation to the IRS in the case of an audit.

This is one of the most important reasons for a nonprofit organization to develop effective donation processing procedures.

Internal Revenue Code

Nonprofit Charity News

February 8, 2009, The Kansas City Star - People in the nonprofit world expect to see more mergers as nonprofits struggle to keep their doors open in a declining economy.