Protect Your Organization’s Most Valuable Financial Asset: Understanding Federal Tax Exempt Status

Protect Your Organization's Most Valuable Financial Asset: Understanding Federal Tax Exempt Status
In today’s uncertain economic climate, with drastic budget cuts to many state and federal agencies’ funding, non-profit organizations (NPO) need to embrace every advantage they have in the current marketplace; historically, one of the greatest financial advantages that NPOs have is their tax status. Yet we have noticed a starting trend over the past several years – many 501(c) (3) NPOs are being stripped of their tax exempt status.

On June 9th, the Internal Revenue Service (IRS) announced that approximately 275,000 NPOs automatically lost . . .