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What is a 501c3 organization? Learn what it means for a startup nonprofit to become tax-exempt

This FREE course courtesy of Boss on a Budget

1 Lesson / 8 Minutes / FREE

What is the difference between a 501c3 and a nonprofit? Did you know that every nonprofit is not a 501c3 organization? As a startup nonprofit, you should know the difference so you don’t make any mistakes with your application.

In this video, learn how to apply for and maintain your tax-exempt status with the IRS. You’ll learn why you have to go through 2 separate processes to become a tax-exempt organization (starting with the state and then the IRS). I will also talk about the forms required to get your 501c3 status.