Benefits of 501c3 for Non Profit Organizations.
There is a lot of humanitarian work to be done in the world and starting non profit organization will be very helpful. On your own, you will not achieve much but when things are structured you will be in a better position.
One of the benefits the non profit organizations which fall under 501c3 enjoy is not having to pay taxes. If you are not paying taxes it means you will have more resources to reach out to more people. It is crucial for this information to be noted in the mission of the non profit organization and also any publications you will be issuing to anyone especially the members of the public.
People are more likely to give credibility to 501c3 types of non profit organizations. This kind of work will depend on the goodwill of people. If you have the support and trust of people there will be no limit to the achievements you will get.
Dontations made to charitable organizations are eligible for tax deductions. It is always a good day to get a tax deduction. In addition, people will be more generous in the donations when they are guaranteed tax deductions.
There are also grants which have been set up for non profit organization classified under 501c3 at all levels. This will go a long way in helping you meet the cause of the organization. Do not let such a chance go by when there is a way you can take advantage of that. On the contrary, your application will not be considered if you have not registered the firm under 501c3.
When someone gives a donation you should write to them and say thank you and as you are running the non profit organization you will have to send official documents for one reason or the other. The postal charges can add up quickly. When you do not have the assurance of a steady income flow this will be bugging you all the time.
The good news is that 501c3 non-profit organization have special mailing privileges. This will be a big relief to the budget and you can divert money where it is needed the most. This is why anyone who has a vision of starting a non profit organization should register it under 501c3.
Those who are in 501c3 can ask for discounted rates from media houses when they want to make a publication or issue a press release and sometimes this is done for free. However, you ought to provide proof of that.