After much thought, I think it is pretty clear that forming a non-profit corporation is the best way to go. I’m not in this project to get rich. I’m in it for the community. Sure, I’d love to be rich, but I’d like to use my riches to build this project and not the other way around.
Can this be done as a non-profit? Absolutely. The concept is fully in line with both the IRS requirements for a 501(c)(3) tax exempt organization as well as a New Hampshire Non-Profit Corporation (which includes IRS requirements as an option). We could fall into the requirements under any number of the following:
- An Association of Churches (Religious Exemption)
- Advancement of Religion (Educational Exemption)
- Public Discussion Group (Educational Exemption)
- Ecumenical Organization (Possible Religious Exemption)
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