One of the most interesting and perplexing myths we have heard is that certain rescues are perceived as making money for themselves adopting out animals. This myth usually originates with comments made about a particular person or rescue, that perpetuate over the course of sharing and become more legend than fact. Usually the person or rescue charges hefty adoption fees that others perceive as making money off the animals without truly understanding the investment that they made in the animal. The truth is that most rescue organizations struggle year over year and often inject thousands of dollars of their own […] Read more »
There seems to be a common misunderstanding particularly in the animal rescue world that operating as a charity or non-profit means you cannot carry a bank balance from year to year and that you cannot make more money on a transaction than your costs were (i.e. you must break even). So let’s set the record straight once and for all. This is a false misconception. When you file the paperwork for your IRS 501(c)(3) designation you have to first be setup as a legal business in your state and have an FEIN (Federal Employee Identification Number). States vary regarding the […] Read more »
