Did you know your organization doesn’t have to file taxes every year? If you apply for tax-exempt status, you can be legally exempt from paying federal income tax.
Many nonprofits don’t take advantage of this. Tax-exempt status like 501c3 does more than save money , it also makes your organization look credible and opens doors to more grants and funding opportunities.
Has your nonprofit applied for tax-exempt status yet, or are you still thinking about it?