Posted by:
jfmoore
at Mon Nov 17 16:10:19 2003 [ Report Abuse ] [ Email Message ] [ Show All Posts by jfmoore ]
Hi folks –
I see you say in your post that ”We are a non-profit.” And at the top of your home page you prominently state ”We are a non-profit organization”.
Through this usage you seem to be implying that you have received a particular status under the U.S. tax code Section 501(c)(3) as an incorporated organization which exists for educational or charitable reasons. Among the many benefits accruing to you would be that your organization is exempt from paying federal income tax and that donations to you are deductible for your donors. Is this true for you?
I understand if you are like most of us - the money one spends on one’s hobby will NEVER exceed any income one receives in its pursuit. If some variation on THAT statement is what you are really saying, perhaps you might consider rewording your description to more accurately reflect your status so that potential supporters are not confused.
Good luck in your endeavor.
-Joan
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