Non-Profit (501-C)

We have kicked off the process to secure a Non-Profit 501-C - Make an Impact Youth Sports Inc. 

One of the biggest advantages of 501c3 tax status is the ability to deduct donations on taxes. This benefits the donors as well as the charity because they’re more likely to give when there’s a tax break. 

Corporate sponsorships - Car Dealerships, Dicks, Target, etc.  

Funds will be used for team tournament fees, uniforms, practice facilities, equipment, etc.  

What Qualifies Nonprofit Sports Organizations For 501(c)(3) Status

Sports nonprofits can qualify for tax exempt 501(c)(3) status with the IRS, but you have to be clear about exactly what it is that you do. The IRS has three rationales for a sports organization to qualify for an amateur sports 501(c)(3) tax exemption.

1. If it teaches sports to youth, or is affiliated with an exempt educational organization, your nonprofit can count as “educational” as well.

2. If it is meant to keep kids off the street and lessen juvenile delinquency, like an after-school program, then it can classify as “charitable.”

3. If it is designed to foster national or international sports competitions, like organizations that help develop talent for the Olympics or Pan-American Games.

Youth athletic and sports organizations are generally considered charitable, as defined in Treas. Reg. 1.501(c)(3)-1(d)(2). Rev. Rul. 80-215, 1980-2 C.B. 124; states that an otherwise qualifying organization that is formed to develop, promote, and regulate a sport for individuals under 18 years of age by organizing local and statewide competitions, promulgating rules, organizing officials, presenting seminars, distributing a newsletter, and otherwise encouraging growth of the sport qualifies for exemption under IRC section 501(c)(3).