Can a 501c3 charge for services, and still be charitable? Using money to operate, but not profit a person?
martin asked:
Again, its not to profit a person, but to keep place running. We charge a lot let than most. We will receive grants and donor support as well, but its not enough to cover everything right now. Trying to figure out the tax code is a nightmare and attorney fees are not something we can do as we are just trying to get started.
Tax Attorney
Again, its not to profit a person, but to keep place running. We charge a lot let than most. We will receive grants and donor support as well, but its not enough to cover everything right now. Trying to figure out the tax code is a nightmare and attorney fees are not something we can do as we are just trying to get started.
Tax Attorney
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Tax Attorney
Watch out for the UBIT. The unrelated business income has to remain a small portion of total income.
Make sure you consult with a CPA specializing in not-for-profits.