Does a Non-Profit Organization Need a Tax ID (EIN) Number?

27 Nov 2019

Does a non profit organization have a need for an employer identification number? Just like any other organization, it is important for the non profit group to have their own Tax ID (EIN) number. The need for the non profit organization to have an employer identification number is the same as any other business. The need exists in order for you to do basically anything as an organization or a company.

Think about everything that a non profit organization has to do. There is a chance that the non profit organization will have employees. If so, a Tax ID (EIN) number is necessary. The same goes for if you happen to have any bank accounts that need to be opened in the name of the non profit organization. If you are pulling any licenses, permits, etc, this also brings forth the need. A non profit organization needs to obtain its employer identification number early on to be in good standing with the Internal Revenue Service.