142: Someone Get Me a Flux Capacitor! | What Happens When Your Nonprofit IRS Status is Revoked
Your nonprofit's 501(c)(3) status just got revoked – now what? Don't panic! Your organization still exists, but here's what you need to know.
It's Jess Birken here, and I'm back with co-host Meghan to tackle one of the most common (and scary-sounding) nonprofit disasters: losing your tax-exempt status.
Real Listener Question: "Our 501(c)(3) was revoked last year, and we have a community cleanup event coming up. Can we still do this event? Are we open to more liability?"
We're breaking down the biggest misconception about revoked tax status – your nonprofit doesn't disappear when you lose…
The skinny
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