By: Shobha Lizaso
You have a cause that you are passionate about. You have the drive and motivation to put your time and effort behind that cause. You have the dedication to use all of the aforementioned to create a 501(c)3 nonprofit organization. However, once you create the organization, you must also be diligent in protecting your organization’s tax-exempt status.
Like most people who start a non-profit organization, your focus and energy is probably directed towards serving the community rather than performing internal compliance checkups. However, you cannot serve your target community well if your nonprofit is not run in a manner that is compliant with the law.
What happens when the IRS revokes your organization’s nonprofit status? Here are some examples:Continue reading