Impact organizations are dedicated to creating positive social change and often have missions that align with various community needs. By partnering with them, your project can leverage their expertise and resources to further its goals effectively.
Choosing Impact Organization as your fiscal sponsor offers numerous advantages. Our experienced team is dedicated to supporting initiatives that create meaningful change in underserved communities. We provide comprehensive administrative and financial services, allowing you to concentrate on your mission. Additionally, our established network and fundraising expertise can help amplify your project’s reach and impact. With Impact Organization, you gain not only a fiscal sponsor but also a committed partner invested in your success.
Fiscal sponsorship is a partnership where a nonprofit organization (the fiscal sponsor) provides financial and administrative support to a project or initiative that is not yet a fully established nonprofit. This arrangement allows the project to operate under the sponsor's tax-exempt status, enabling it to receive donations and grants that are tax-deductible for the donors. The fiscal sponsor typically offers services such as financial management, fundraising support, and compliance oversight, allowing the project to focus on its mission and programs without the burden of administrative tasks.
The first step is to complete our application for fiscal sponsorship here. This helps us gather the information we need to support you best at this stage of your journey. It helps us learn more about your charitable mission, location, expected expenses, and other related items. The application is free, non-binding, and takes roughly 5-10 minutes to complete. We will reply to your application within the week.
Fiscal sponsees have low overhead costs, which provides more time to focus on the mission at hand. Additionally, set-up time hovers around 3-5 business days, while it takes 6-9 months to receive 501(c)3 status from the IRs. Fiscal sponsees also avoid nonprofit formation state requirements (I.e. nonprofit corporation formation, board of directors, bylaws, etc.)
Impact Organization handles the administrative burdens of having your own standalone foundation through back-office administration, financial management, and IRS compliance. Our fee, 4-6% on deposits (higher percentage if less, lower percentage if more), is proudly the lowest in the fiscal sponsorship industry, ensuring more of your charitable dollars go directly to your charitable mission.
If you have any questions, please email sam@impactorganization.org