Most youth sports programs are handled by 501 ( c ) (3 ) irs non profit . They must be established in one of three specific logic defined by the IRS. They are:
1. educational
Teach youth sports is an acceptable goal to qualify for 501 ( c ) (3 ) status . Often these recreational leagues or organizations affiliated with a school, so they usually provide facilities and equipment necessary to teach children to play the sport .
2. The fight against juvenile delinquency or decrease in government spending
An organization that develops, promotes and regulates the sport for young people can be established through any of these goals, particularly in areas with serious crime problems. As with the educational purpose , these organizations can promote more than a sports league and entertainment can provide the facilities and equipment needed to keep kids play sports ( and problems ) .
3. To foster national or international sports competition amateur
Youth sports organizations often organize this provision. In this case , the organization intends to provide sporting facilities or equipment , unless it is also classified as a " qualified amateur sports organization . "
What is a qualified amateur sports organization ?
IRS regulations may seem cumbersome where the organization set " qualified amateur sports " means , but in reality, the rules are very clear. To be " qualified" , these organizations must intend to proceed with national or international competition or the development of amateur athletes of national and international sports competition . to establish this exception , the organization shall promulgate rules and official playing rules , organize and supervise the equipment and provide training , equipment and facilities for athletes. are also required to provide competition between teams and promote the sport. local and even regional competition is not sufficiently general to the IRS , unless it is clearly related to national or international competition .
A sport organization that is primarily social or recreational should not apply to 501 ( c ) (3 ) status under the National Foster or the provision of international competition. Requirements for exemption under this provision is based on the main objective of the organization. If the first mission of the organization is that the kids have fun , this is not the right way to organize provisions. However, this does not mean that everyone in the league or team should be a serious athlete irs non profit.
There are seven key factors that the IRS non profit considers in determining whether an organization is a " qualified amateur sports organization "
IRS non profit!
1. Sport is organizing an event in the Olympic and Pan American Games ?
2. Athletes advocacy organizations in the age group usually choose quality Olympians ?
3 . Caliber athletes making them serious competitors for the Olympic and Pan American Games ?
4 . Do athletes must demonstrate a certain level of talent and success in order to receive support from the organization?
5. The organization provides intensive training daily , instead of sponsoring weekend events that are open and attract a wide range of competitors irs non profit?
6. Is the organization dedicated to irs non profit improving the performance of a small group of outstanding athletes or should emphasize improving the health of the population?
7. The organization is a member of the Olympic Committee of the United States?
These and other factors are given different weights to determine whether an organization qualifies for 501 ( c ) (3 ) status . Of course irs non profit, all participants in a youth sports organization is likely to be an Olympic caliber , perhaps even most of them , but the league or team should be used primarily to encourage those who have talent in this direction irs non profit.
When you request your ( c ) (3 ) IRS tax exemption 501 irs non profit, keep these three goals in mind for youth sports organization and make sure your target is specified in line with one of three specific logic irs non profit .