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JEWISH FEDERATION OF GREATER VANCOUVER Vancouver, B.C. FINANCIAL STATEMENTS March 31, 2019Baker Tilly WM LLP 900 400 Burrard Street Vancouver, British Columbia Canada V6C 3B7 T: +1 604.684.6212 F:
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A charitable organization is a nonprofit entity that is established for purposes that are beneficial to the public, such as charitable, religious, educational, or scientific activities.
Organizations that qualify as charitable under IRS rules and operate as tax-exempt entities in the United States are required to file for recognition of exemption and report their financial activities.
To fill out a charitable organization application, typically IRS Form 1023 or Form 1023-EZ is used, which requires information about the organization's structure, mission, governance, and financial data.
The purpose of a charitable organization is to provide a public benefit by addressing social issues, supporting community needs, and offering assistance to those in need.
Charitable organizations must report information about their activities, financial status, governance, tax-exempt status, and how they use their funds on their annual IRS Form 990.
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