128: Don't Let Rich People Boss You Around | Do Grants Make the Nonprofit Worth It?

In this episode of Charity Therapy, we’re answering the big question - what even the nonprofit industrial complex?

We’re pulling back the curtain on those nonprofits that seem more focused on keeping the lights on than actually solving the problems they set out to tackle. We’re also answering a burning question from a listener thinking about flipping their for-profit mental health service into a nonprofit, all for the sake of snagging some grant money. Should they do it? Spoiler alert: it might be more trouble than it’s worth!

Now, let's get real for a second. Turning your business into a nonprofit isn’t just about filing a couple of forms and calling it a day. There are tax IDs, regulations, and more red tape than you can shake a stick at. But don't worry, we've got some alternative ideas up our sleeves, like pass-through grants that might just save the day.

Whether you’re knee-deep in the nonprofit world or just curious about it, we promise you’ll leave with a few nuggets of wisdom and maybe a laugh or two. Grab your headphones and settle in—it's time to get our nonprofit nerd on!

In this episode, you will hear:

• Are some nonprofits just keeping themselves alive instead of tackling real issues?

• Weighing the pros and cons of switching from for-profit to nonprofit for grant money

• Starting a nonprofit is a whole new ballgame with tax IDs, tax exemptions, and regulations

• How the pressure to become a nonprofit can be a big ask

• Alternative funding ideas, like pass-through grants and keeping the mission alive without losing your sanity

• You can’t just “become” a nonprofit

Resources from this Episode

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Episode Credits

If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.