If you are a citizen of the United States of America, there are certain rights to which you are entitled, and certain responsibilities which you must fulfill. One of the most prevalent responsibilities each citizen has is paying taxes. In turn, we all receive certain benefits because of the taxes we pay.
Jesus told us that it is right and proper to pay taxes when he said, “Give to Caesar what is due Caesar, and give to God what is due God.” But, we also infer that while giving to Caesar what “he” is due, there is no need to give more than what is due!
The government of the United States provides its citizens an incentive to financially support non-profit organizations, such as churches, mission organizations, et al. This incentive is rather powerful, as many citizens would prefer not to give financially, unless they are able to take advantage of the government’s incentive, namely, the Tax Deduction.
If you are asking people to support your ministerial work, but are unable to offer your supporters a tax-deductible receipt, you are very likely inadvertently showing potential donors the door, while they continue looking for someone else to whom they will give their tax-deductible dollars, instead.
Setting up your own non-profit 501(c)3 ministry may not be as difficult and overwhelming as you think. Yes, there is an application to file, a bank account to open, even a Board to select; but, all of this can be rather straight forward if you have a helpful checklist to follow.
Questions? we’re happy to do our best to answer them. Just add a comment to this blog post with your question, and we’ll let you know what we know.