Here are some answers to question I received at a recent training. Many of the questions in this batch came from folks involved with religious organizations, synagogues and churches.
Why are religious organization tax exempt?
The best answer I have is the First Amendment of the Constitution of the United States which states, “Congress shall make no [...]
Posts Tagged ‘Raffles’
More Questions
Donation Transactions
There have been questions at my trainings on the specific journal entries for donations to be auctioned off or re-sold. From the great PPC Guides, I recommend them to any nonprofit finance professional, an excerpt:
“Organizations may receive contributions of gifts-in-kind to be used for fund-raising purposes. A common example is where an organization receives [...]
