Sierra Investment Group Inc. Carson City Nevada doesn’t just write business plans. We can also help you prepare and file your organization’s status as a 501(c)(3) non-profit.
What does becoming a 501(c)(3) non-profit organization do for you?
- Your organization pays less taxes. 501(c)(3) non-profits don’t pay federal corporate income tax except on income derived from unrelated business income. This alone may say save your organization five to 95% of its taxable income. Your organization may also be exempt from state corporate income, franchise, excise, use, and sales taxes. Contact your state tax office for more information.
- Your organization can give donors an incentive to donate. 501(c)(3) organizations can offer both individual donors and corporate donors a tax deduction for their charitable donations.
- Your organiation becomes eligible for private foundation grants. Private foundations are required by law to distribute money for charitable purposes. One of the ways they dispose of this obligation is making grants to 501(c)(3) organization.
- Your organization may become eligible to lobby politicians. This ability, called the 501(h) election, is not available to churches or private foundations, but it is available to public charities. Refer to federal 501(h) rules for what kind of lobby you may do and how much money you can spend on it.
Sierra Investment Group Inc. Carson City Nevada is a small business plan writing service and small business funding resource. They can be reached toll-free at (800) 323-6298 from 8 a.m. to 4 p.m., Monday through Friday, or at firstname.lastname@example.org.