Why aren’t you a 501(c)(3) “non-profit”

The IRS has a two-tiered filing fee structure. Most organizations pay the standard $850 filing fee when sending their application to the IRS. Organizations that expect to have (or have had) no more than $40,000 in gross revenue for the first four years combined can pay a reduced filing fee of $400. That is the Reason why we are not a 501(c)(3) “non-profit” If we get what we are after on The Walk we would have to pay $850 and that money could be used better.

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