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theater funding

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Topic: theater funding

Posted By: Guests
Subject: theater funding
Date Posted: 1/12/03 at 3:50pm

I am currently involved in starting an artists cooperative in my area. The cooperative is designed to bring together different artists to create and to teach in various mediums. One of the areas I am interested in is theater. My question is specifically about the legality of fundraising. Does a community theater have to have official non-profit status to put on fundraisers? If anyone has any info in this area I would greatly appreciate your insight.
Thanks,
Lew Kahler

Replies:

Posted By: Guests
Date Posted: 1/14/03 at 12:42pm

It really helps to have IRS non-profit status when doing fundraising, so that people who make donations can take a tax deduction. If you are not non-profit then the donations are not tax-deductable.

Dan

Posted By: Guests
Date Posted: 1/15/03 at 10:52am

Take a look at the article "Why a Non-Profit Theater Company?" on the home page of this site - it will answer a lot of questions.