Encourage Legacy Gifts to Your Nonprofit

If your not-for-profit focuses most of its fundraising energy on donors who can contribute to your mission and programs now, you may have neglected legacy gifts. Such gifts represent a portion of wealthy donors' estates Read More


Kirsch CPA Group

Sep 14, 2022

Avoiding Nonprofit Tax Traps

If your organization has met the IRS qualifications to be considered tax-exempt, the income you receive — such as donor contributions — is exempt from federal income tax. However, it's still possible for not-for-profits to Read More


Kirsch CPA Group

Aug 04, 2022

6 Common Tax Deductions for Nonprofits

Revenue generated by 501(c)(3) organizations is generally exempt from federal income tax. But in some cases, your not-for-profit may incur unrelated business income tax (UBIT) on revenue. The good news is your annual tax return Read More


Kirsch CPA Group

Jun 08, 2022

Is Your Financial Reporting on Target?

While your P&L paints a broad picture of financial viability, it may not be telling you the whole story. Too often, businesses have a financial reporting structure that makes it difficult to identify what’s driving Read More


Nick Roell

Dec 15, 2021

Don’t Run Afoul of Private Inurement Rules

Most not-for-profit executives are aware of the prohibition against private inurement. Generally, nonprofit directors and executives — and their family members — aren't allowed to personally benefit from their positions while putting their organization at Read More


Kirsch CPA Group

Aug 04, 2021

Danger! How Nonprofits Often Lose Their Tax-Exempt Status

With all the legal hoops involved, it can be difficult for a not-for-profit to secure its tax-exempt status. The last thing you want after gaining this critical designation is to lose it. In the current Read More


Kirsch CPA Group

Jun 24, 2021

How to Approach Succession Planning

Does your organization have a succession plan in place? And, if it does, is it well documented? Some not-for-profits delay detailed succession planning, thinking of it as a project they'll get to "someday." But that's Read More


Kirsch CPA Group

May 27, 2021

Five Ways to Inspire Nonprofit Innovation

Many not-for-profit organizations have been hanging on for dear life for the past year. But the days of survival mode are coming to an end. Now, nonprofit leaders need to be innovative to position their Read More


Kirsch CPA Group

May 13, 2021

Contending With the Patchwork of State Requirements for Nonprofits

Not-for-profits are held to strict reporting standards. For instance, your organization is required to annually file Form 990 with the IRS to preserve your tax–exempt status, among other requirements. But reporting isn't limited to the federal Read More


Kirsch CPA Group

Dec 17, 2020

Monitor These 3 Things as COVID-19 Changes Your Nonprofit’s Priorities

Several months into the COVID-19 crisis, most not-for-profit organizations have formulated at least a temporary plan for sustaining operations. But short-term solutions should be complemented by long-term strategic planning that reprioritizes objectives. Specifically, your nonprofit Read More


Kirsch CPA Group

Aug 11, 2020