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You've decided to open a nonprofit child care center. What is one of the greatest advantages of this type of program?

A. You aren't answerable to the Internal Revenue Service.
B. You're more independent, since tuition fees are the only source of income.
C. You don't have to become involved in politics.
D. Your program can receive tax-deductible donations and contributions.

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D. Your program can receive tax-deductible donations and contributions.

Answer:

D. Your program can receive tax-deductible donations and contributions.

Explanation:

The benefits of forming a nonprofit company are:

  • Access to grants: eligible to receive public or private grants.
  • Tax-exempt status: you can apply for state or federal tax-exempt.
  • Receive tax-deductible donations.
  • Separated entity status: you can use own contracts, sue and be sued, because your company has its own name and responsibilities.
  • Credibility: people tend to trust more in organisations that aren't related with profit making, they see them as trust worthy.
  • Postal service discounts, and son on.

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