Self-Declared 501(c)(3) Nonprofits

A self-declared 501(c)(3) nonprofit is a qualifying charitable organization that chooses not to seek official recognition of its tax-exempt status from the Internal Revenue Service (IRS).  These qualifying charitable organizations receive all the benefits of tax-exempt status if they operate in compliance with all rules and regulations that govern other tax-exempt organizations under IRS code 501(c)(3). If your organization is wondering whether or not to apply for official tax-exemption and has annual gross receipts less than $5,000, this white paper is a must-read.