Deductions for Contributions Made to a Charity before Its Tax-exemption Application is Approved

Question: My Texas nonprofit corporation filed its IRS Form 1023 and applied to the IRS to become a tax-exempt charitable organization. The current average wait time for the IRS to approve an application for tax-exempt status is well over a year. Can we tell prospective donors that their contributions to our charity while it’s tax-exempt… [Read More]