These are many personal benefits that come giving back to your community by establishing your own 501c3 nonprofit. The IRS views individual nonprofits with individual tax-exempt designations, based on their undertakings. There numerous 501(c) designations, with two of the most popular being 501(c)(3) and 501(c)(6). A 501(c)(3) organization performs charitable, scientific, educational, religious, animal welfare or other social work, as stated by the IRS. If you donate money to a 501(c)(3), you can claim a write-off on your taxes.
Why do I need a 501c3 for My Non-Profit Organization in Nevada?
Most of the organizations that may be eligible for 501(c)(3) designation fall into one of three categories: charitable organizations, churches and religious organizations, and private foundations. To be tax exempt under Section 501(c)(3), an organization must not be serving any private interests, including the interests of the individual establishing the no-profit, their family, shareholders of the non-profit organization, other designated individuals, or other persons involved by private interests.
Vicki Grecko can provide you with the resources and knowledge needed to get your 501(c)(3) up and running. You can contact Vicki today at (702) 587-5652 to schedule a quick initial no-cost consultation!