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501(c)3

Nonprofit Accounting Practices

When Your Nonprofit Makes a Profit

ByNumbers4Nonprofits Team April 3, 2019June 17, 2023

A 501(c)(3) organization CAN make a profit while being registered as a nonprofit. Even though an organization’s nonprofit status may preclude them from paying income taxes on profits earned, there are possible tax liabilities with earned revenue that need to be considered.

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Nonprofit Accounting Practices

Ensuring Your Nonprofit Corporation Remains Tax-Exempt

ByNumbers4Nonprofits Team December 27, 2018

A nonprofit corporation must comply with a few special rules implemented by the IRS that will help maintain its tax-exempt status related to: Organizational Structure, Limited Activities, and Corporate Recordkeeping.

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  • Home
  • Who We Are
    • Our Team
    • Advisory Board
    • Careers
  • What We Do
    • Annual Budgeting
    • Cash Flow Projections
    • External Audit Prep
    • Managing Cash Needs
    • Protecting Assets
    • Nonprofit Consulting Services
  • Clients
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    • FAQs
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