1.
Will you serve a
Will you serve a
"charitable class"?
A charitable class is a group of people (or another defined group, i.e. endangered animals) that the IRS considers eligible to receive services and is large enough that aiding them provides benefit for the larger community.
2.
Do you have a
Do you have a
charitable "program"?
You need to have a definite way of providing help to your target group. What type of services will you provide and how will you provide them?
3.
Can you maintain and
Can you maintain and
upkeep an organization?
Filing, reporting, and record-keeping are essential administrative tasks that maintain the nonprofit.
4.
Have you developed
Have you developed
a funding plan?
Developing and maintaining a source of income is a critical component of starting a nonprofit. Sustainable revenue is one of the biggest challenges facing nonprofits but it's crucial for serving the mission. Be aware of fundraising regulations in your state.
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