An IRS audit can be unsettling for any nonprofit, but understanding the process and responding promptly will reduce disruption. First, confirm the notice. The IRS notifies organizations by letter or by phone followed by a letter; it does not initiate
Boards and finance committees that treat the budget as a living document — rather than an annual ritual — tend to make better decisions under pressure. The focus should be not only on last year’s numbers but also on the
If you run a nonprofit organization, it might not surprise you to hear that they are exempt from federal income taxes. This is all thanks to the ruling that 501(c)(3) nonprofits are not held to the same tax standards as
Incomplete or inaccurate grant reports can jeopardize future funding, making reporting one of the high-stakes administrative functions in nonprofit management. However, organizations that maximize their reporting infrastructure don’t just meet requirements; they leverage the same data to address more complex
The math is straightforward, even if the strategy is not. A donor’s lifetime value — determined by average gift size, giving frequency and length of relationship — compounds significantly when retention is strong. The average overall donor retention rate across
No single funding source is reliable indefinitely. Shifts in government priorities, economic pressure on individual donors and changes in corporate giving strategies can all erode a funding stream that once seemed stable. Nonprofits that understand their options across the entire
Some taxpayers still like filing taxes through the mail rather than electronically. It’s a small group — fewer than 10% of all filers — but the practice is still allowed. If you’re one of that group, you’ll want to know
The Internal Revenue Service has announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. But since key forms, such as W-2’s, aren’t due until a little later, you may not be able to file that
The time has come to get some money! To begin billing customers, you can create an invoice directly or start with a sales order. If you choose to use the sales order, you will need to “Create an Invoice” to
In general, explains the IRS, contributions to charitable organizations may be deducted up to 50 percent of adjusted gross income. Contributions to certain private foundations, veterans organizations, fraternal societies, and cemetery organizations are limited to 30 percent adjusted gross income, however. Yes, this can