On Mon, May 5, 2008 at 3:43 PM, Anthony wikimail@inbox.org wrote:
lOf course, if the gross receipts of the organization are less than $5000/year, there is no requirement to get a determination letter in the first place (IRC 508(c)(1)(b)).
Thanks Anthony. I think it makes most sense to go with 508(c)(1)(b) for now, since I don't think we'll have a large budget for the first year or two.
I still think a "group exemption" might make sense in the long run, since I was more concerned with the 501(c)(3) paperwork than simply filing incorporation papers.
Thanks, Pharos