What can I request from a non-profit so I can verify that if I contribute to their company my money will be well spent?Thanks,e
What can I request from a non-profit so I can verify that if I contribute to their company my money will be well spent?One thing the world will never lack is need. There may be enough organizations within your scope of personal knowledge to exhaust your contribution allowance. I think personal knowledge of their works is the best first source.All 501(c)(3)'s are required to file an annual report (Form 990) with the IRS and are also required to make copies available on request. If you're investigating an organization, get a copy of its most recent 990. Look to see how their receipts are spent. The three biggies are administration, fundraising, and program delivery. If you see most of the money going to the first two, take yours elsewhere.TMF ExROPhil Marti
E:Non-profits have to supply any contributors with their annual reports, and if they are a Federal non-profit versus a state non-profit you can gain access/request to their Form 990 (tax returns).Jenn
There are a couple of charitable watchdog organizations. I have not used this web site but heard about it on a nationally syndicated consumer radio show - FWIW. Web site is www.give.org. Summary from the web site follows, as always do your own DD. This is not an endorsement, just interesting information:NATIONAL CHARITIES INFORMATION BUREAUNCIB's mission is to promote informed giving and to enable more contributors to make sound givingdecisions. NCIB believes that donors are entitled toaccurate information about the charitable organizationsthat seek their support. NCIB also believes thatwell-informed givers will ask questions and makejudgments that will lead to an improved level ofperformance by charitable organizations. NCIB is a501(c)(3) charitable organization, to which contributions are tax-deductible to the extent permitted by law. I am excited to share with you news that will make yourNCIB membership an even more important and valuableasset. In addition to the NCIB, you may be familiar with the other nationally recognized "charity watchdog": the Philanthropic Advisory Service (PAS), which is the primary program of the Council of Better Business Bureaus' Foundation. We are pleased to announce our intention to merge the National Charities Information Bureau and the Council of Better Business Bureaus' Foundation into a single organization. Mergerdiscussions are ongoing, and we anticipate ourgoverning boards' as well as the courts' final approval for the merger this fall.
Non-profits have to supply any contributors with their annual reports, and if they are a Federal non-profit versus a state non-profit you can gain access/request to their Form 990 (tax returns).I'm not quite sure what you mean by a state non-profit. Unless the organization meets the requirements of Federal tax law, contributions to it aren't deductible. Details are in IRS Publication 526.TMF ExROPhil Marti
Phil,In some states you can be a non-profit status without being a 501(c) granted by the Feds. For instance, Texas is one such state. What that means is that they are considered a non-profit for state items such as Franchise Tax etc. but have to file regular tax returns for the federal level. I know that it sounds really confusing because we get confused ourselves at times.Jenn
In some states you can be a non-profit status without being a 501(c) granted by the Feds. Thanks for the explanation. As a reminder to lurkers, such organizations may be worthy of your support, but contributions to them are not deductible on your 1040, Schedule A.TMF ExROPhil Marti
Thank you all for your responses.I asked them their tax status and they said they were a 501(c)(3). Then I asked them for a copy of their annual report and Form 990 and they said they were not allowed to give that out.Then sent me some brochures in the mail, but nothing of substance.This is really disappointing because I know this charity has helped out many people in our community, but it just doesn't sound right that they claim they are not allowed to give me the information all of you said I am entitled to.e
This is really disappointing because I know this charity has helped out many people in our community, but it just doesn't sound right that they claim they are not allowed to give me the information all of you said I am entitled to.If you really want to pursue giving to this charity, since you know of its good works, see if you can get in touch with someone on the board. It might just be that the person you talked to doesn't know what's going on and is too lazy to find out.TMF ExROPhil Marti
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