Building
Organizational Capacity
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Tax Exempt Status
Not-for-profit
arts organizations are tax exempt. Tax exemption from the IRS requires an accompanying
financial statement for the past year's operation. No statement is required if
the organization has been in existence less than eight months. Based on information
submitted, a new organization may be qualified to operate as a for its first two
fiscal years, pending final review of its financial statements at the end of the
two-year period.
Resources
Internal Revenue Service: "FAQs Regarding Applying for Tax-Exemption" (http://www.irs.gov/charities/article/0,,id=96590,00.html) or call (800) 829-3676 to order this free document.
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The Alliance of New York State Arts Organizations has a 28-year history as New York's primary service association for community based arts and cultural organizations. The Alliance provides leadership and vision, and delivers services, resources and tools that strengthen community cultural organizations. The Alliance monitors, informs and mobilizes the field on statewide and national issues affecting the arts and assists local arts agencies in building community support and developing effective grassroots public policy.
245
Love Lane, P.O. Box 96
Mattituck, NY 11952-0096
Phone (631) 298-1234 /
Fax (631) 298-1101