Non-profits

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Non-profits What is a non-profit?  It is a tax exempt organization that serves the public interest.  Purpose of a non-profit must be: Charitable Educational Scientific Religious Literacy Cont.  Non-profits do not declare a profit  Public may make donations  Uses what revenue it makes for operating expenses. Starting a non-profit  Organization must file articles of incorporation with the state in which it resides.  Non-profit organizations are given taxexempt status (they do not pay federal corporate income tax)  Usually they do not have to pay local and state taxes either. Non-profit employees  Non-profits have both paid and volunteer staff members.  Salaries are usually low for non-profit employees. Examples of Non-profits  American Breast Cancer Foundation  American Cancer Society  American Red Cross  Child Find of America  Habitat for Humanity  March of Dimes  http://www.charitywatch.org/azlist.html

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