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Can you guess how many charities are currently registered with the IRS? I bet you didn't think it was over one million!
As of the end of 2012, there were 1,081,891 charities(501(c)(3)’s) in the United States. Based on the July 2012 Census figures, the population is 313, 914,040. This translates to about 1 charity for every 290 citizens. This does not include other tax exempt groups that bring this total up to 1,614,762. In other words, 1 tax exempt organization for every 194 people. This begs the question: Is it too easy to set up a nonprofit?
While everyone wants to do good, we must ask ourselves whether less may be more.