Where do fundraising monies go in a 501c3 organization?
by 
The Curious Bag
ANSWERS: 1
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501(c) (3) organizations are also known as public charities. The funds raised by 501(c)(3) charities may go toward very different objectives, because all operate under their own mission statements. In order to maintain 501(c) (3) status, however, organizations must prove annually that all surplus funds are directed back into the mission and goals of the organization and not distributed to employees or other stake-holders.
Source:
IRS Tax Information for Nonprofits
More Information:
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