What are the costs of launching and running a nonprofit, and when does that break even with fiscal sponsorship?
Brendon Wong
Entity costs would include: entity formation (incorporation, IRS designation of nonprofit status - ~$1k with Resilia - dozens of hours), registrations for charitable solicitation (around $10k for all states), tax and accounting (~$5k/year with Jitasa - dozens of hours), payroll/employment setup (dozens of hours)..., financial account setup (~10 hours), various insurance (worker's comp, director's insurance, etc. - maybe $1k/year), fundraising platform setup and donation tracking/processing (10 hours)
Universal costs: technology and website setup (project management, ATS, CRM, email/documents/notes, etc. - 100+ hours), strategy and pitching (variable hours)