Charity Navigator - Nonprofit CPA Firm

Back to School with Charity Navigator

School has officially started across the country, and it looks like students won’t be the only ones who will be graded out of 100 points this year. Charity Navigator, a nonprofit organization that evaluates charities in the United States and compares them to charities with similar causes, recently changed their rating system from a 70-point scale to a 100-point scale.

Rental Income – Taxable to my Nonprofit or Not?

One of the most common sources of UBI is rental income; however, not all rental income is subject to unrelated business income tax (UBIT). So how is a nonprofit to know if the rental income they receive is subject to UBIT?

Nonprofit CPA Firm

Did you download the instructions for Form 1023-EZ before August 4, 2014?

If you downloaded the Instructions for Form 1023-EZ before August 4, 2014, please take note of the following change:

The IRS has updated the instructions for Part 1, line 8 to allow officers, directors, and/or trustees to use the organization’s mailing address rather than their personal mailing address.

Applying for Tax Exemption Just Got “EZ”er

Last summer I wrote a blog entitled “IRS Determination – Why the Wait” that described the IRS’s process for evaluating application forms of organizations applying for tax exempt status under Section 501 (c)(3).