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Can I write off startup expenses for a nonprofit on my personal 2023 taxes?

I got my nonprofit's EIN in April, and my 501c3 status in August. 2023 donations tallied up to $650. Can I write off any of hte startup costs on my personal taxes since all the money came from my personal savings/credit cards?
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PatriciaV
Expert Alumni

Can I write off startup expenses for a nonprofit on my personal 2023 taxes?

Yes, you can deduct startup costs for setting up a non-profit as long as it has been granted 501(c) status or it has filed a 1023 application. 

 

You would report the amount you provided as a cash charitable contribution. Be sure the charity provides you with a receipt on letterhead, signed by an officer.

 

See IRS Publication 526 (2022), Charitable Contributions

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