Keep Believing Granted 501c3 Status
Dr. Ray PritchardDr. Ray Pritchard's Weblog
- 2007 Jul 02
I have some very good news to share with you regarding Keep Believing Ministries. Today we received our official notification from the IRS that we have been granted 501c3 status as a tax-exempt non-profit organization. This means that contributions to Keep Believing are considered charitable contributions and are deductible to the maximum extent permitted under Federal law. In addition, all contributions received up until this point are also considered tax-exempt retroactively.
To put matters in perspective, we started working on this process a year ago. The amount of paperwork and documentation required is daunting for a new ministry. But on the other hand, going through the process helped us get started on a solid foundation. We applied early in February, and after several months our application was officially reviewed. That led to a series of questions that helped us sharpen our purpose as a ministry. We submitted our answers to the questions two weeks ago and received the formal notification this morning.
Since this is the first time I’ve been through this process, I have grown to appreciate the importance of having 501c3 status. It matters both to individual donors and also to foundations that may wish to give.
So after a year of hard work, and untold hours spent preparing and revising the forms, the end result was very positive.
This is an answer to many prayers over many months. We thank our friends for praying, and we thank the Lord for his kindness in answering our prayers.