A nonprofit organization is a legal entity organized and operated for collective, educational, or social purposes rather than for generating profit. Nonprofits can apply for tax-exempt status.
1,900+ monthly searchesTax Classification
Tax-exempt (501(c)(3))
Ownership Structure
Member-governed with Board of Directors
Liability Protection
Yes
Complexity
High
Tax-exempt status (501(c)(3))
Donations are tax-deductible for donors
Limited liability protection for board members
Eligibility for grants and donations
Public trust and credibility
Exemption from certain state and local taxes
File Articles of Incorporation with state
Obtain an EIN from the IRS
Create bylaws and governance structure
Apply for 501(c)(3) tax-exempt status
Establish a Board of Directors
File annual Form 990 with IRS
Charitable organizations, educational institutions, religious organizations, advocacy groups
Start your Nonprofit Organization application today and get your EIN in as little as 4 hours.