I have had many clients come to me to ask how they could start a non-profit organization. The main purpose of starting a nonprofit is to gain the contribution advantage the Internal Revenue Service (IRS) provides. Why do you need the IRS to authorize this? What is the difference between tax exempt and a charitable organization? How does the church fit into all of this?
Form 1024 is an application to the Internal Revenue Service requesting tax exempt status for any organization that has a social purpose. This includes clubs, fraternities, sororities, homeowner associations, governmental authorities, and certain types of bond groups. It does not grant the tax deductible giving authorization.