What Non-profits Need To KnowSeptember 2017 / Share
In 2013, there were around 1.4 million nonprofit organizations registered in the U.S. If you are an employee at a nonprofit or thinking of starting your own, it helps to know the basic differences between nonprofits and for-profit business.
Nonprofits are not subject to many of the same tax requirements of other businesses, but only if they are properly registered with the IRS.
Nonprofit organizations should make it easy for donors to make contributions, but make sure you follow your state's guidelines on preventing charitable fraud. This will make donors and board members even more confident in your organization.
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The information provided is presented for general informational purposes only and does not constitute tax, legal, business or investment advice.