How Much Does it Cost to Start a Nonprofit? 501(c)3 Express (VIDEO)

How Much Does it Cost to Start a Nonprofit? 501(c)3 Express (VIDEO)

The Cost of Starting a Nonprofit

Do you know how to start a nonprofit organization? Do you know how much it will cost? Chances are, you’ve had to do some digging to learn the first steps. Inevitably, your research has led you to more questions than answers, though.

Let’s see if we can answer a few of those questions.

Obtaining 501(c)3 Status

Have you been researching 501(c)3 status? It’s vital to add legitimacy to your nonprofit and keep everything legal. If you have been looking into it, then you probably discovered the average wait time to receive IRS approval is three to six months. That’s a long time to wait, especially when you would like to hit the ground running with your organization.

Yippiekiyay exists to make this process go more smoothly—and much more quickly. We offer an InstantNonprofit plan to help you obtain your 501(c)3 without delays and without any hassles.

While it typically can take over 24 weeks, with our no-hassle service you can receive your status in as little as three weeks. Our average approval time is three to 10 weeks—much faster than the average waiting time.

How Much Does It Cost to File for 501(c)3 Status?

If you plan to file on your own, then there are two fees associated with obtaining your 501(c)3 status. Those fees vary a little bit from state to state, but the fees are generally:

  • $20 to $182 to file your articles of incorporation with your Secretary of State
  • $275 to file with the IRS for tax-exempt status

If you’d like to skip the three- to six-month wait time and file using our InstantNonprofit service, our fee is $677. That includes free incorporation and an EIN, an Employer Identification Number that is assigned to a business so it is easily identified by the Internal Revenue Service. And it’s backed by our 100 percent approval rate.

What does that rate mean?

It means we’ve received approval on 100 percent of all of our 501(c)3 nonprofit applications.

And because we understand how it is to start a nonprofit on a shoestring budget, we offer payment plans.

Nonprofit Application

We offer the fastest web-based nonprofit application system, supported by a human concierge every step of the way. After we receive your initial information, our expert personal-concierge professional will guide you through the rest of the process via phone or email. Once all the proper forms are prepared, we’ll send the final draft IRS Form 1023 package to you as a PDF for your approval.

And then, after you’ve approved and signed the forms, we’ll express ship everything straight to the IRS along with your filing fee.

Our 100 percent approval rate wasn’t achieved by accident: Our expert assistants work diligently to make sure every detail is in order, so there will be no delays and no hassles.

What Do You Need for Your 501(c)3 Nonprofit Application?

Not incorporated yet? Not a problem. We’ll get you set up with your state and obtain your EIN (also known as a tax ID). Our 1023 filing services include:

  • Incorporation
  • Verification of Business Name Availability
  • Preparation and Filing of Articles of Incorporation and Supporting Documents
  • Personalized Bylaws (as applicable)
  • Federal Tax ID (EIN) Obtainment Service
  • Provide & Append IRS-required “Dissolution” and “Charitable Purpose” Clause
  • 501(c)3 Application
  • Completion of Form 1023 and Obtain IRS Approval of 501(c)3 Tax-Exempt Status
  • Creation of IRS-Friendly Compensation Policy
  • Creation of IRS-Friendly Conflict of Interest Policy
  • Creation of IRS Form 1023 Narrative of Activities with All Requirements
  • Board of Directors Decision/Resolution Document Download
  • IRS Form 5768 for 501(h) Election (as applicable)

We’ll take care of the details so you can continue to serve your community and raise funds.

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No Hassle Approval

We’ll handle any questions posed by the IRS and provide requested documentation. And then you’ll receive your IRS approval letter in the mail.

While you wait, you can use your momentum to keep building. You’ll have access to useful guidance, tools, and training to focus on your mission. Our customers often rave about how their 501(c)3 IRS approval letter showed up quickly, they didn’t deal with any complex paperwork, and they were able to focus on the programs to serve their communities and raise money quicker.

Are you ready to start your nonprofit? Then start at the beginning; start by choosing a name.

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