We are thrilled to announce that Street Medics Austin has been officially recognized by the Internal Revenue Service (IRS) as a 501(c)(3) tax exempt public charity. This is a significant milestone in our journey, and we couldn’t have reached this point without the support and trust of our community.
The Journey to Approval
The application process to gain this recognition was both meticulous and extensive. We submitted a comprehensive 45-page application form back in March. This form required us to provide intricate details about our organizational structure, financial activities, compensation arrangements, and operational plans. By completing this application, we showcased our commitment to being transparent about our goals and methods. It underscores our dedication to operate with integrity and within the guidelines set forth by the IRS.
After months of anticipation, we were delighted to receive our approval letter on the 12th of July.
Beyond Tax Benefits: A Seal of Legitimacy
While the tax exempt status undeniably offers certain financial advantages, especially for donors, its value extends far beyond mere tax implications. Being recognized as a 501(c)(3) public charity serves as a testament to our commitment, transparency, and the legitimacy of our operations.For many potential donors and partners, this status is a seal of trustworthiness. It signifies that we adhere to specific regulations and standards set by the IRS, and that we are dedicated to using donations for their intended charitable purpose. With this recognition, we hope to bolster the confidence of our supporters and further our reach in the community.
A Note to Our Donors
For all our generous donors who’ve supported us in the past, there’s more good news! All your previous donations to Street Medics Austin are now eligible for retroactive tax deductions, thanks to our new 501(c)(3) status. Your unwavering belief in our cause has been instrumental in getting us to this point, and we remain deeply grateful.
Additionally, many companies have charitable giving programs where they match donations made by their employees to registered non-profits. Our new status opens the door for these matching funds, effectively doubling the impact of every dollar donated through such programs.
With our newly acquired 501(c)(3) status, Street Medics Austin is poised for growth and greater impact. We remain committed to our mission, ensuring that every step we take further solidifies our place as a legitimate, trustworthy, and impactful organization in our community.
- We can now apply for a multitude of grants that were previously out of reach. These funds will be instrumental in covering costs for training sessions, outreach programs, and expanding our services.
2. As highlighted above, we’re excited to tap into corporate giving programs. This can lead to a substantial influx of resources, allowing us to serve the community more effectively.
3. With the additional funds and credibility, we are aiming to broaden our reach, targeting more areas in need, and providing additional training classes.
Thank you for being a part of our journey. Together, we can make a difference.