Not-for-profit is an integral part of the U.S. economy. Tax incentives are provided not only to organizations but also to contributors. The Revenue Code Section 501(c)(3) exempt certain entities from income tax. An organization should operate for exempt purposes, should not inure its earnings to private shareholders, and should not attempt influence legislations. Donors and grantors want to know about organizations before they contribute to them. They want to know the organizations are financially healthy and stable to maintain their programs, and efficient and ethical to spend their funds. Governments also want to know if they use the government funds as granted. Ik Koo Kang, CPA help you:

  • Evaluating risks of Unrelated business taxable income and Lobbying expenditures
  • Tax Compliance to maintain tax-exempt status
  • Financial Audit