501(c)(3) Prohibited Activities
There are fundamental differences between a for-profit business and a 501(c)(3) nonprofit tax-exempt organization. A few very prominent differences are ownership, transparency, and IRS regulations. The 501(c)(3) nonprofit is unique because it is not an entity that can be “owned.” It is exempt from tax on income generating activities that further its mission, and its donors can generally write off charitable contributions.
This webinar highlights four activities that may risk your 501(c)(3) tax-exempt status and what nonprofits can do to avoid jepordizing this status.
Dewlyn Nonprofit Services