Wednesday, July 11, 2007

Church Turning A Profit?

Did you know that there is a growing trend as far as churches are concerned?

Churches are starting for-profit businesses! And its becoming easier to do!

Of course one of the advantages of operating as a non-profit was that churches didn't have to pay income tax.

But with rising operating costs and lower donations/offerings some churches have decided to go the for-profit route and add a sidelined for-profit business as part of their church.

Would a church still be able to accept non-profit grant program funding? It would depend on how the business is structured.

Are there churches that operate as a non-profit but have a for-profit side business that are still eligible to apply for grants for non-profit/faith-based programs? The answer is yes.

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