Operating a Nonprofit (Tax-Exempt) Thrift Store

Resource

Supporting files

RENOSI Operating a Nonprofit (Tax-Exempt) Thrift Store.pdf

Get

You may not know that thrift stores, and their income, are subject to federal and state income taxes unless the store meets specific IRS (Internal Revenue Service) criteria.

Download our free guide to help you set up a nonprofit thrift store without getting in trouble with the IRS.

Document preview

RENOSI Operating a Nonprofit (Tax-Exempt) Thrift Store.pdf page 1

RENOSI Operatin... (page 1)

Document preview

RENOSI Operating a Nonprofit (Tax-Exempt) Thrift Store.pdf page 2

RENOSI Operatin... (page 2)

RENOSI Overview / Case Study

RENOSI does the IRS and state nonprofit paperwork to grow chapters, manage IRS group exemptions, and keep chapters and subordinates of national nonprofit organizations in good standing. Download...

DIY - How to File a Charity Registration

One of the requirements many states implement for nonprofit organizations is the charity registration. Whenever any individual or organization raises funds for a charitable purpose, the state...

Sample COVID-19 Waiver

As businesses begin to reopen, some may be ready to start holding events again. Providing a waiver to your participants is one way to reduce liability.

More resources

Feeling lucky?

Or maybe try one of these...

Changing your fiscal year end with the IRS

A commonly asked question we receive is: "How do I change my nonprofit organization's tax year-end?" The link above is a brief guide. Organizations should remember...

Group Exemption Management Requires Form 990 – Everyone Must File!

Have you ever had a group project where someone just didn't pull their own weight? It made it harder for everyone else. Maybe...

Let’s Get Political: Dos and Don’ts of 501(c)(3) vs. (c)(4)

00:19:22

Did you know political lobby organizations cannot receive tax-deductible donations? Join the experts at RENOSI and dive into the key differences between 501(c)(3)...

Watch