Nonprofits are an important segment of Nashville’s economy. According to a report, there are over 10,950 nonprofits in Metro Nashville, employing more than 130,000 people and earning over $19 billion in revenue each year.
If there’s a cause that you strongly support, such as those related to the arts and music industry or addressing homelessness, healthcare, the environment, and other local or global issues, setting up a nonprofit is a good way to create solutions and bring attention to your ideals.
In creating and running a nonprofit, you will need the assistance and services of a Nashville CPA. A nonprofit is unique from regular business types as its primary goal is not to earn income for its owners but to build, disburse, and use its funds to achieve its stated goals. As such, it is covered by complex regulations that are best addressed with the help of experienced and knowledgeable professionals like a CPA.
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