Importance of 501c3 for Non Profit Organizations.
Non profit organizations are essential in offering help to the many groups that need it all over the world and even here at home and anyone who has the capacity to do this should not hesitate. On your own, you will not achieve much but when things are structured you will be in a better position.
With a non profit organization, you can be classified as 501c3 which means you will not be paying taxes. With more resources due to the amount you will save not having to pay taxes it means you will have more money to do more. However, you should include this on any publications made and on the mission statement.
Also, 501c3 helps you sell the purpose of the firm to the public. If you want to do charity work you have to mobilize people to help and if they trust that you are not there to make profits they will back you. Thus, the 501c3 classification will help the non profit organization do more work.
Also, as a 501c3, every contribution a donor makes to the non profit organization is tax deductible. It is always a good day to get a tax deduction. Because people are always looking for a legal way to lower their taxes, you will not face a lot of resistance when you are calling for donations when it is evident that the money will be tax deductible.
The charitable organizations which are in the 501c3 also get grants from the state, federal and local government. This will go a long way in helping you meet the cause of the organization. This will mean a lot of goodness in the world which is why it is not a chance you want to pass out on. However, being registered under 501c3 is a necessary requirement.
Whether it is notes thanking the donors or official documents, there is a lot of mail you will be sending out. The postal charges can add up quickly. When you are not assured of where the next check will come from, the expenses will give you sleepless nights.
If you are registered under 501c3 you can take advantage of 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.
Additionally, 501c3 non-profit organization also get discounted or free rates from media outlets. Do not forget that you will be required to provide proof in such a case.