While non-profits can be created for many different purposes, all of them must serve the public interest. These include hospitals, religious groups, public schools, social and legal aid agencies, volunteer service organizations, research institutes, community theaters and local museums. Should you have almost any questions about in which and how you can work with Salvation Army Houston, it is possible to e mail us in the web site.
Nonprofits, unlike for-profit business, don’t share profits with their investors and owners. Instead, they use the money to support their mission. The IRS can exempt them from tax.
There are over 1.4 million non-profit organizations in the United States. Their combined annual economic contributions total $887.3 billion. This is a significant part of America’s economy. It is sometimes called the third sector.
As a result, it’s not surprising that many people are curious about nonprofit organizations and what makes them different from other businesses. They want to know more about what it takes to start a non profit and what the best practices are for running a successful one.
You must first form a non-profit organization. This will give you a business name and place to do business. This is done by filing Articles of Incorporation within your state.
Your articles of incorporation need to be specific about the purpose of your nonprofit, as well as the board of directors you will have. You also need to provide some basic information about your registered agent, who is the person who handles …