Day: October 1, 2023

Business

What Percentage of Revenue To Non-Profits Have To Distribute?

October 1, 2023

Nonprofit organizations in the United States are generally required to distribute a minimum percentage of their revenue, particularly if they have tax-exempt status under section 501(c)(3) of the Internal Revenue Code. This requirement is commonly referred to as the “minimum distribution requirement” and is intended to ensure that these organizations engage in charitable activities and […]