Non-profit finances

What happens if a non-profit makes money? Tax-exempt nonprofits often make money as a result of their activities and use it to cover expenses. This income can be essential to an organization’s survival. As long as a nonprofit’s activities are associated with the nonprofit’s purpose, any profit made from them isn’t taxable as “”income.”” Read … Read more

Can the founder of a non-profit receive a salary? A non-profit founder may pay themselves a fair salary for the work they do running the organization. Likewise, they can compensate full-time and part-time employees for the work they do. Non-profit founders earn money for running the organizations they founded. Read more on theblueheartfoundation.org Non-profit organizations … Read more