Three Main Benefits Of A
501 (c) (3)
There are many benefits for obtaining a 501(c)(3) but, to get you started here are three:
1. Your organization becomes exempt from having to pay federal taxes on the income received through your nonprofit.
2. Your organization can offer federal tax deductions to qualified donor who gave monetary donations, in-kind service donations, etc.
3. Your organization is eligible to participate in applying for numerous Local, State, Federal, Foundation & Corporate Grants, etc.