A short and simple IRS form used by groups seeking tax-exempt status as charitable organizations should be replaced by a new version to prevent ineligible organizations from obtaining exemption, according to a national network of nonprofits.
A form used to streamline the approval process for obtaining tax-exempt status should be recreated because it has failed to ensure that the IRS grants exempt status to only eligible organizations, the National Council of Nonprofits said in a...
Since March, charitable nonprofit organizations have shed nearly one million jobs and “thousands” of organizations are now permanently shuttered, Tim Delaney, CEO of the National Council of Nonprofits, said Monday.
The National Council of Nonprofits applauded the extension, as well as other provisions, but said the package doesn’t do enough because it limits nonprofits’ access to PPP loans.
Yet since the outset of the pandemic, nonprofits have shed nearly 1 million of their own workers: Not only has that created a greater need for services, but it has also driven up costs due to the need to purchase protective gear and execute other...
But as of now, the most likely variations of a deal wouldn’t even look to have a tax title, leaving a variety of avenues for tax relief out in the cold.
Donations to nonprofits plummeted in the first quarter of the year as lockdowns began and layoffs skyrocketed, said Rick Cohen, chief communications officer for the National Council of Nonprofits. In May, half of the charities that responded to ...
“For people giving, it gives more flexibility and makes it easier for people to dig a little bit deeper at a time when nonprofits can really use the assistance,” Cohen says.
“It’s not motivation to give. It’s what gives people the ability to give more,” said Rick Cohen, spokesman and chief operating officer for the National Council of Nonprofits. “Right now, every dollar counts.