Start a 501c3 or 501(c)(3) organization Today!

501(c)(3) Application Process

To apply for recognition by the IRS of exempt status under section 501(c)(3) of the Code, use Form 1023, Application for Recognition of Exemption. The application must be complete and accompanied by the appropriate user fee.

Advantages of forming a nonprofit organization

Legal protection.
Group ownership of property and money.
Keep and use profits.
Cheaper cost of mass mailings.
Cheaper cost of classified advertising rates.
Discounted Internet Service Provider.
Free radio and public service announcements
Low- to no-cost government training.

Disadvantages of forming a nonprofit.

Completing tax returns each year.

The time and energy required for setting up:

a. an accounting systems,

b. record books

c. bank accounts,

d. drafting bylaws,

e. filing articles of incorporation and,

f. completing all IRS forms