I have a question on non-profits in general. What exactly is the advantage of being incorporated as a non-profit, when all you have to do to not be taxed as a for-profit corporation is spend all your money each year and not show any profit? It seems you'd have more privacy as a for-profit corporation, since you don't have to disclose donors.
If I donate to a
501(c)(3) organization, the donation gets very favorable treatment by the tax code, reducing my taxes (provided I have income that can be cancelled out by the donation).
hmm, please correct me if I'm wrong, but donations just decrease your tax liability by the amount you've donated. It's the same as if you donated your pre-tax dollars to 501(c)(3) org.