On Monday, the Nashville-based nonprofit arts journalism company received a letter from the Internal Revenue Service indicating it has been approved for tax exemption under section 501 (c) (3) of the Internal Revenue Code.
What does that mean? Among other things, it means contributions to ArtsNash like those we’re seeking in our current Indiegogo campaign are now tax deductible under section 170 of the code from the date of our incorporation in Tennessee – May 21, 2012. The IRS now recognizes ArtsNash as a public charity.
We are grateful to the IRS for this ruling, since it should help us continue our work. We are also indebted to those generous folks who helped us raise the $850 application fee to apply for the IRS ruling fifteen months ago. And we’re thankful to the Arts and Business Council for their assistance with the filing.
ArtsNash would like to acknowledge our many contributing writers and our terrific board of directors. Thanks also to those who supported us with donations since we started and by coming back repeatedly to read our articles. And finally, thanks to the wonderful artists and artisans in and around the Music City – you inspired us to start ArtsNash and you continue to do so!
John Pitcher and Evans Donnell, ArtsNash Co-Founders