Congratulations to FAITH of NW Houston on receiving 501(c)(3) tax exempt status form the IRS! That was 3 homeschool organizations in the past two weeks.
Renee, one of their leaders wrote,
“Just today I received the acceptance letter from the IRS. We have been approved for 501c3 tax exempt status. Happy dancing in Texas!:) Many thanks for helping us through this tedious task.”
I was happy to help all three of these group become tax exempt and continue serving homeschoolers in Texas, Pennsylvania and Indiana!
Do you know the pros and cons of 501(c)(3 status? Do you know what 501(c)(3) status could mean for your homeschool group?
My book The IRS and Your Homeschool Organization could help your group as well.
This 120 page book explains the pros and cons of tax exempt 501(c)(3) status. Is it needed? Is it worth it?
Learn more here.
Carol Topp, CPA
I was just researching this very topic. I’m treasurer of American Heritage Girls troop and was told by IRS that we need our own EIN. I was wanting to do a fundraiser with Amazon but the process of getting this exempt status is overwhelming. I”m hoping we can just use the EIN of the church that is hosting us but even that is not easy because GuideStar doesn’t have them listed. 🙁 Why does this have to be so complicated!!?
Your troop may be able to use the church’s EIN, but you must have their permission, of course!
Getting an EIN is not hard. And even applying for 501c3 status is not as difficult as it used to be since the IRS recently introduced the Form 1023-EZ application. THis blog post will help: New IRS Form 1023-EZ make applying for tax exempt status easier
I was on the board of the AHG national organization for several years, so I know that they have resources to help you as a troop leader set up your troop properly.
Carol Topp, CPA