Stats about US NPO sector

The U.S. non profit sector is equal to the sixth largest economy in the world – larger than the Canadian or Russian economies. SOME FACTS ABOUT THE NON PROFIT SECTOR There are about 2.3 million non profits in… Read More

Types of Private Foundations

IRS classifies private foundations into two broad types:  Private operating foundations Grant making foundations Private Operating Foundations Nonprofit private foundations that run charitable programs directly with the beneficiaries are called private operating foundations Private operating foundations do not… Read More

Income Test for Private Operating Foundation

In order to qualify as a private operating foundation, a nonprofit organization should prove that majority of its resources are used to run its own charitable programs or to provide its own charitable services. IRS has mandated ‘Income… Read More

Stakeholders of a Typical Non Profit Organization

A stakeholder is an individual or group which has an interest that the non profit fulfills its mission. Anyone who is interested or affected by the nonprofit organization and its services is a stakeholder. Stakeholders in the nonprofit… Read More

Options for Structuring a Nonprofit Organization

If you plan to start a nonprofit organization you can choose any one of the following structures for your organization. There are generally five possible structure options for forming a non profit organizations which are as follows: CORPORATIONS… Read More