How to Get 501c3 Tax-Exempt Status for Amateur Sports Organization

form990help.com/amateur-athlet... I talk about the issues involved in qualifying an amateur athletic organization for 501c3 tax-exempt status. I refer to my guidebook and reference that tells a founder or professional advisor how to convince the IRS that the organization qualifies under 501c3. It's not always as easy as it could be.

[@Benjaminjalexander]

I'm putting together a bid for the first alpine skier to represent the nation of Jamaica at the next Olympics. Could I put together a 501c3 for helping Jamaican athletes in getting to the Olympics and then have all donations to the org be tax deductible for the donors?

[@Chris-op9ic]

How often have you updated your pdf guidebook since you originally published it. Thanks.

[@NonprofitTaxHelp]

There haven't been any new laws or revenue rulings in this area since the book was first published in 2015. Congress and the IRS seem to be satisfied with the status quo. So nothing to update. However, I am considering an expansion of the book to contain additional helpful information on certain topics. That's a work in progress and I'm not sure when it will be ready for prime time. Do you have a particular issue of concern?

[@stephanieeaton449]

Is this book still relevant for 2024? Or is there another option! Seems perfect to me but I don't want to accidentally get out of date information

[@NonprofitTaxHelp]

The information in the book is still totally relevant. Unlike with personal income taxes which change from year to year, basic nonprofit tax laws and concepts tend to remain unchanged for long periods of time.

[@butchgouch6536]

Would this include board games competitions?

[@NonprofitTaxHelp]

Generally, yes, the same approach and rules would apply.

[@curtismackey5114]

What kind of entity should a sports organization be ?

[@NonprofitTaxHelp]

Generally it should be a nonprofit corporation if it wants to apply for 501c3 status. But it could also be an unincorporated association, which I don't recommend as it lacks the liability protection of a corporation.