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 tax-
exempt 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