On November 23, 2022, PARA was classified as a charitable organization under the Internal Revenue Code (IRC) Section 501(c)(3). This means that donors can deduct contributions made to PARA and that PARA is qualified to receive tax deductible bequests, transfers, or gifts.
501(c)(3) status can help PARA to achieve its community service objectives in several ways.
Grant Funding
PARA can now apply for grant funding from organizations that require 501(c)(3) status. The $1000 grant awarded to PARA by Philipsburg Borough on November 2, 2022 was contingent upon our 501(c)(3) status.
Free Services
PARA can now request valuable services from businesses who can deduct the fair market value of those services. For example, Microsoft Corporation offers free software and web hosting to 501(c)(3) organizations.
Donations
Local individuals and businesses who donate money or equipment to PARA can write off the value of those contributions.