Usa 501(c)3 Charity For Sale
www.GlobalBX.com
Listing ID:
700114018
Listing Title:
Usa 501(c)3 Charity For Sale
Quick Link:
http://www.globalbx.com/listing.asp?bId=114018
Industry:
Professional Services
Industry Segment:
Other Professional Services
Country:
United States
State / Province:
Florida
Area
City:
Palm Bay
Asking Price Range:
$5.0M - $10.0M
Gross Revenues:
Seller Will Provide
Cash Flow:
Seller Will Provide
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2007
Number of Employees:
1 - 3
Business Description:
USA Charity with 501(c)3 status is for sale (with a website) - with a DUNS Number - 501(c) is a provision of the United States Internal Revenue Code (26 U.S.C. § 501(c)), listing 26 types of non-profit organizations exempt from some federal income taxes. Charity can be converted into a Foundation and you can then even open your own bank. Since the USA passed the Patriot Act it is almost impossible to open a new Charity. 501c status allows the Charity to apply for federal grant funding. The 2 directors have other business interests and find that they do not have the time to commit to projecting the charity onto the global stage. This is a unique opportunity for a business or philanthropist to obtain a functioning Charity. Directors will sell retaining 20% of stocks.
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