Posted on Sep 25, 2016
Would you donate to a Veterans Non-Profit Corporation that's not 501c tax exempt and if not why?
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Posted 8 y ago
Responses: 7
SPC Darin Taylor I donate to those organizations that I have checked out and believe in. Over the years, the organizations that I support have changed. Are you involved with this non profit corporation, and why is it not tax exempt?
http://cullinanelaw.com/difference-between-nonprofit-and-tax-exempt/
http://cullinanelaw.com/difference-between-nonprofit-and-tax-exempt/
What is the difference between nonprofit and tax exempt?
There is a big difference between nonprofit and tax exempt. Nonprofit is state law concept; tax exempt deals with IRS and state taxing issues.
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SPC Darin Taylor
Yes. The Non-Profit Veterans Organization - Disabled Vet Assistance -was established by myself. I have not been able to afford the high cost of applying for my 501c. I would like to do so, but have not been able to as of yet.
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It depends how transparent they are. The nice thing about a 501c is if their annual intake is normally more than $50k a year, they have to make a public financial disclosure that will show, to some extent, how the money is being used.
Any reasonable size organization that is only in the business of being a charity will likely be a 501c. If they are not a 501c, I'd want to know what other activities they do that may disqualify them for 501c status. For example a common reason for not achieving a 501c status would be if they engaged in political activity in an election. If that's the case I'd want to know how much of my money is going to that and if I'm OK with whomever they are supporting.
Any reasonable size organization that is only in the business of being a charity will likely be a 501c. If they are not a 501c, I'd want to know what other activities they do that may disqualify them for 501c status. For example a common reason for not achieving a 501c status would be if they engaged in political activity in an election. If that's the case I'd want to know how much of my money is going to that and if I'm OK with whomever they are supporting.
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The 501c tax piece of the question is a little over my head, but I tend to make my charity donations based on the business and what they pledge to do with the money. I've always given to the Navy SEAL Foundation.
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