Some non-profits are on the smaller side, and now the IRS is making it easier for those non-profits to apply for recognition of tax exempt status.
The new procedure just kicked in at the beginning of the month, and takes under its umbrella most organizations with less than a quarter million dollars in assets and less than fifty thousand in annual revenue.
See more information here:
If you are forming a non-profit organization, we can help.  Michigan non-profit laws to set up a non-profit corporation don’t automatically fit within IRS rules (though it should be a bit easier now) and for those non-profits that want to chase down money, they may also need to take into account solicitation and fundraising rules in the state.
Even so, this is welcome news from the IRS for smaller non-profits.  If you’d like to know more, we can help–call us at 517 853 8015.