2006-06-15 17:04:54 · 17 answers · asked by Charlotte G 1 in Business & Finance ➔ Small Business
Absolutely! That's how non-profits survive. School PTO's and PTA's are non-profits and hold fundraisers all school year. There is a limit to how much you can earn though before it's considered income. I'm not sure but it probably depends on type of or purpose of non-profit. The limit for PTO's was $25000 per year a couple of years ago.
2006-06-15 17:10:03 · answer #1 · answered by ChCh01 2 · 0⤊ 0⤋
It depends. Are you a State licensed non-profit or a non-profit with a 501(c)3 tax-exempt status? When you say fundraising, this entails many different levels from Bingo to applying for federal grants.
Start by asking your State Dept of Revenue about your area's requirements for the type of fundraising you have in mind. There are stiff penalties for certain types of fundraising without the appropriate licensure... research first.
2006-06-16 00:14:14 · answer #2 · answered by wonderful1 4 · 0⤊ 0⤋
If your non-profit organization is registered with the federal and state government, you can do fundraising. You may also qualify for grants. Also, if your organization meets the criteria for United Way, this is an excellent means to obtain funding.
2006-06-16 00:14:11 · answer #3 · answered by Kay_Zoo 4 · 0⤊ 0⤋
YES! There are always ways to work around that , think of something else that you might want to donated to or to help as a charity solution and split the profits accordingly.
2006-06-16 00:50:42 · answer #4 · answered by tiffnichen 1 · 0⤊ 0⤋
No, not unless the fund raising is for charity or a non-profit purpose.
2006-06-16 05:48:09 · answer #5 · answered by sikandar 2 · 0⤊ 0⤋
Yes, i can do fund raising but reasons should be very reasonable just like charity, help to needy. I Need fund raisers for our native needy people
2006-06-16 06:10:25 · answer #6 · answered by Noorul Ameen 2 · 0⤊ 0⤋
Yes. Definetely.
2006-06-16 00:08:23 · answer #7 · answered by SuNsHiNe 2 · 0⤊ 0⤋
It depends what events you have incorporated in your organisation agenda for fund raising projects.
2006-06-16 14:57:43 · answer #8 · answered by kuldeep11102 1 · 0⤊ 0⤋
just as long it's a non-profit
2006-06-16 00:44:44 · answer #9 · answered by rickinobetz 3 · 0⤊ 0⤋
yup.you definitely need some fund to keep the org going.
2006-06-16 00:17:14 · answer #10 · answered by piper 1 · 0⤊ 0⤋