+Nonprofits nationwide are bracing for what could be an even larger decline in 2018 because of changes that gave taxpayers a larger standard deduction for 2018 and made itemizing unnecessary for many.
+Next year’s tax season will bring a major fundraising opportunity for organizations such as charities, museums and youth groups, the head of the Colorado Nonprofit Association said Thursday in a visit to Pueblo.
+The $20 billion of direct spending from the nonprofit sector represents about 5.6 percent of Colorado’s economy. In other words, the state’s nonprofits account for $56 of every $1,000 in economic activity.
+"It's estimated that as few as 5 percent of taxpayers nationwide will continue to itemize their deductions," says Renny Fagan, president and CEO of the Colorado Nonprofit Association.
+According to the Colorado Nonprofit Association’s 2016 year-end survey, only 6 percent of nonprofits polled had accepted contributions from cannabis companies — but two-thirds of...
+A Colorado Nonprofit Association analysis of 2015 Colorado tax data suggests that most Colorado taxpayers with incomes under $200,000 will save more on taxes by taking the increased standard deduction, leaving no federal tax benefit for them to...
+Lydia McCoy, Vice President of the Colorado Nonprofit Association, says it's no coincidence that there are mailers and calls going out from nonprofits this time of year.
+The Colorado Nonprofit Association officially opposed the bill Nov. 13 while it was still up for discussion in the House and hopes these items can be changed or removed in the Senate or that senators will vote down the bill.
+“By aligning the definition of charity with federal law, this change would fully recognize the important contributions all of Denver’s nonprofits make to our quality of life,” said Mark Turner, the Colorado Nonprofit Association’s senior director...
+“The Colorado Nonprofit Association supports enforcement of charity regulations that protect the nonprofit community and charitable donations,” said Renny Fagan, president of the Colorado Nonprofit Association.
