2. We are already a
nonprofit organization. What are the benefits of obtaining
501(c)(3) tax-exempt status with the IRS?
Once approved by the IRS as a
501(c)(3) tax-exempt organization, your organization is not
required to pay federal income taxes for your charitable
activities.
Additionally, contributions are tax-deductible to the donor.
Deductions inevitably encourage more individuals and corporations
to donate to your charitable cause, allowing your nonprofit
organization to expand and further develop your exempt
activities.
3. How
long does the 501(c)(3) application process take?
If you select the all-inclusive package,
the time frame for completion is approximately four to six weeks
because processing articles of incorporation with the Secretary of
State takes approximately four to six weeks. The completion of the
501(c)(3) basic package takes two to four weeks. Therefore, upon
submitting your answers to our 20 questions online, our experts
will review your answers, correspond with your organization's main
contact via email by asking follow-up questions, for purposes of
completing your customized application.
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