How is your church doing during these challenging times?
If your church is struggling financially, I highly encourage you to earn 501(c)(3) nonprofit status to qualify for tax-free money for outreach services.
There are so many myths about earning 501(c)(3) nonprofit status for churches that are simply not true. The primary myth is that the church will be owned by the IRS.
If the IRS officials really governed churches, many churches would be shut down. The IRS audits churches when credible reports are submitted to the IRS regarding illegal activities such as financial mismanagement.
The IRS gives churches an “honorary” 501(c)(3) status because churches provide religious services. Unfortunately, major grant funders, philanthropists, and investors do not view the “honorary” 501(c)(3) status as credible.
The benefits of earning 501(c)(3) status
Earning 501(c)(3) status gives your church the credibility grant funders, philanthropists, and investors respect. Therefore, they will feel more comfortable making large tax-free investments in your church when your church has an “earned” 501(c)(3) nonprofit status.
Instead, churches receive major tax-free investments when they can show a Determination Letter that proves the church leaders have completed the Form 1023 application to “EARN” 501(c)(3) status.
The video below lists the steps I use to help church leaders earn 501(c)(3) status for their churches or for subsidiary programs.
If you would like to discuss the benefits of earning 501(c)(3) nonprofit status for your church, please reserve a free phone call with me using this link: www.trustsusanwoods.com
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