Category: Philanthropy

Vasant Ramachandran

The Economic Impact of America’s Nonprofit Arts and Culture Industry

Many times, arts and cultural nonprofits are viewed with skepticism. However, the numbers show that arts and culture are actually economic drivers in communities across America. Arts and culture nonprofits bring tourist dollars into communities. They create jobs, both directly and indirectly. And finally, they provide enrichment and education.   Arts and culture nonprofits generated over $165 billion in the… Read more →

Vasant Ramachandran

Different Types of Nonprofit Organizations   Businesses are categorized for tax purposes, based on whether they operate for profit, or they as exist as a nonprofit entity. Within the latter grouping, there are many types nonprofits that are subject to varying tax rules, depending on the specifics of their organization.   Understanding Nonprofit vs. Profit   In order for an… Read more →