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[37] [38] A private nonprofit organization, GuideStar, provides information on 501(c)(3) organizations. [39] [40] ProPublica's Nonprofit Explorer provides copies of each organization's Form 990 and, for some organizations, audited financial statements. [41] Open990 is a searchable database of information about organizations over time. [42]
CharityWatch, known until 2012 as the American Institute of Philanthropy, [1] is a 501(c)(3) nonprofit organization in Chicago, [2] created in the United States by Daniel Borochoff in 1992, [3] to provide information about charities' financial efficiency, accountability, governance, and fundraising.
Guidestar was founded by Arthur "Buzz" Schmidt in Williamsburg, Virginia in 1994, under the name Philanthropic Research, Inc. The company, which provided nonprofit information, [10] officially received tax-exempt status as a 501(c)(3) public charity in 1996. In July of that year, Philanthropic Research, Inc. published the GuideStar Directory of ...
The non-profit Charleston Area Alliance in West Virginia receives $100,000 annually from the Kanawha County Commission to provide economic development services to the county. However, the Charleston Area Alliance has refused to provide information about the salaries its officers receive, on the grounds that it is a private organization. [8]
The National Center for Charitable Statistics (NCCS) is a clearing house for information about the nonprofit sector of the U.S. economy.The National Center for Charitable Statistics builds national, state, and regional databases and develops standards for reporting on the activities of all tax-exempt organizations.
Failure to file such timely returns and to make other specific information available to the public also is prohibited. [16] [17] Between 2010 and 2017 the IRS revoked the nonprofit status of more than 760,000 nonprofit organizations for failing to file the 990 form. [18]
Form 990 (officially, the "Return of Organization Exempt From Income Tax" [1]) is a United States Internal Revenue Service (IRS) form that provides the public with information about a nonprofit organization. [2] It is also used by government agencies to prevent organizations from abusing their tax-exempt status. [3]
The steps required to become a nonprofit include applying for tax-exempt status. If States do not require the "determination letter" from the IRS to grant non-profit tax exemption to organizations, on a State level, claiming non-profit status without that Federal approval, then they have actually violated Federal United States Nonprofit Laws.