How much does it cost to start a charity?

Answer 1

The cost to start a charity can vary widely depending on factors such as location, legal requirements, and the scale of operations. Generally, initial expenses may range from a few hundred to several thousand dollars, covering fees for registering the charity, legal consultations, and initial operational costs. In the U.S., for instance, filing for 501(c)(3) tax-exempt status can involve a fee of $275 to $600, plus any additional state registration costs. It's essential to budget for ongoing expenses like fundraising, staffing, and program development as well.