We’re often asked if the IRS allows for-profit companies to be fiscally sponsored. The short answer is: “Yes, under certain conditions.” The slightly longer answer is that the IRS allows a 501(c)(3) nonprofit to fiscally sponsor specific activities carried out even by a for-profit entity, provided that they are sufficiently charitable in nature and align with the 501(c)(3)...
2 weeks ago
Can a for-profit entity be fiscally sponsored?
22February