What type of activities must be disclosed when a nonprofit organization solicits funds?

When a nonprofit organization solicits funds in Washington, they must adhere to certain regulations. All activities related to fundraising must be disclosed to potential donors in order to meet the requirements of the law. This includes providing information about the organization’s mission, how funds will be used, the type and amount of compensation paid to directors, officers, and fundraisers, and how donors may receive a tax deduction for their donations. Furthermore, the organization must provide potential donors with contact information and other details about the organization such as the address, telephone number, email address, and website, as well as the name of a board member or representative who can answer questions about the charity. Nonprofit organizations must also disclose what percentage of the funds they raise is used for administrative expenses, such as overhead costs, rather than going toward the charity’s mission. Finally, any organizations that solicit funds must also provide potential donors with a copy of its most recently filed financial statement, showing the organization’s total sources and uses of funds. This financial information must include a balance sheet, statement of activities, and statement of cash flows. In summary, when a nonprofit organization solicits funds in Washington, it must disclose all activities related to fundraising, provide contact and other details about the organization, disclose the percentage of funds used for administrative expenses, and provide a copy of its most recently filed financial statement to potential donors.

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What type of activities must be disclosed when a nonprofit organization solicits funds?

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