Don't Lose Your Charity Status
As a public charity it is crucial to be up to date on all IRS state filings. This year, the IRS form 990 or annual exempt organization return is due on May 15th for calendar year taxpayers. According to the IRS, 16% of all non-profit organizations lost their tax-exempt status in 2010. Failure to file results in immediate revocation of tax-exempt status. For more information, visit IRS.gov
(table pulled from The Urban Institute: http://www.urban.org/sites/default/files/alfresco/publication-pdfs/412386-Revoked-A-Snapshot-of-Organizations-that-Lost-their-Tax-Exempt-Status.PDF)
Turn Your Passion for a Cause into a Career!
Posted on February 27, 2016
by Joshua Sayin filed under