A 501(c)(3) can accept tax-deductible donations, foundation grants, and employer matching dollars to fund charitable work like yours. When non-501(c)(3) organizations do charitable work, they can partner with a 501(c)(3) Fiscal Sponsor in order to tap these extra financial sources. That’s why Urban Sparks invests in being a high quality fiscal sponsor for neighborhood groups and corporations.
It’s a service to projects,
but also to donors who want to support local change.
People often ask… should my group form our own 501(c)(3) to support the non-profit work we do? Unless you have a large ongoing business, usually you don’t want the overhead of forming and maintaining a 501(c)(3), Your energy is better spent accomplishing your project or mission, even if it’s a multi-year project. Feel free to pick our brains about Fiscal Sponsorship.