The Definition of “Nonprofit” The term is meant to describe a nonprofit organization not operating primarily to make a profit. Instead it an organization whose mission focuses on furthering a social cause or a shared goal or mission.
Exemption requirements - 501(c)(3) organizations To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual.
Bylaws provide a framework for the operation and management of an organization. Bylaw can also refer to a local regulation of a municipality .
A nonprofit is an organization that uses its surplus revenues to further achieve its purpose or mission, rather than distributing its surplus income to the organization's directors as profit.
How to Start a Nonprofit in Pennsylvania Name Your Organization. Recruit a Board of Directors. File Articles of Incorporation. Obtain Employer Identification Number. Establish Governing Documents and Policies. Apply for Pennsylvania Tax Exemptions.
Start by checking the non-profit's tax-exempt status using the IRS database. This will confirm if the organization is a recognized 501(c)(3) entity, meaning it's exempt from federal income tax. To dig deeper, you can review the organization's Form 990, which provides a detailed look at its financial reports.
You can call 1-800-829-1040 to get answers to your federal tax questions 24 hours a day.
Internal Revenue Service, 2970 Market St, Philadelphia, PA 19104, US - MapQuest.
What happens if I can't verify online or by phone? We'll ask you to schedule an appointment and bring the documents listed above to your local IRS office to verify in person.
You can get in-person help at your local IRS Taxpayer Assistance Center. Call for an appointment after you find a Taxpayer Assistance Center near you. Many Taxpayer Assistance Centers offer extended office hours January 21, 2025, through . IRS offices are closed on federal holidays.