Is your society officially registered as a tax-exempt non-profit association? There are a number of benefits including:
- your society doesn’t pay federal income tax
- your society is eligible to receive tax-deductible contributions and contributors can deduct their contributions
- as an “official” non-profit, you can get discounts with services like PayPal
Don’t know what it takes to get non-profit status? Check out this article at wikiHow for details. Note that in many states, you may need to register both at the state level and the federal level.