![]() Though nonprofits often have the most passionate individuals and diversified donation streams, nonprofits also often have limited resources for hiring and regulatory requirements.Ī nonprofit designation and tax-exempt status are given only to organizations that further religious, scientific, charitable, educational, literary, public safety or cruelty-prevention causes or purposes. ![]() ![]() Nonprofits file Form 990 as an informational return to communicate to the public its revenues, expenses, activities, and programs.To qualify as a nonprofit, the entity must serve the public good, meet filing requirements, be established as a 501(c)(3) or similar-type organization, and avoid engaging in certain types of activities.Nonprofits may receive funding from individuals, corporations, government entities, or other entities. ![]()
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