IGCA Tax Disclosure
The IGCA is an exempt organization as described in Section 501(c)(3) of the Internal Revenue Code, our tax ID # is 92-0128343. Cash donations made to the IGCA are tax deductible.
In regards to membership fees, according to Revenue Ruling 68-432, the IRS allows membership fees to be considered cash donations if they meet certain criteria. Specifically when the benefits of the membership are exceeded by the costs of the membership. For the purpose of donation level determination, annual IGCA membership’s actual cash value is $12.50. This does not include membership levels which have discounts on artwork purchases, those levels will be calculated based on ACV of membership benefits they received for the fiscal year.
The IRS threshold for deductible donations is $75.00, donations that exceed this threshold will receive a letter of acknowledgment from the IGCA by Jan 31st of the following year. If you have any questions do not hesitate to contact firstname.lastname@example.org