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Many organizations see only the financial benefits of nonprofit and tax-exempt status.
Qualifying groups pay no tax on federal, state, and local taxes, and therefore can devote a larger proportion of their resources to achieving their particular goals. The status can also qualify groups for special grants or government funding, as well as special rates for services or even postage. Donors prefer contributions to these groups because they can deduct the payments from their own taxes. The form of the organization offers advantages in itself. Since nonprofits exist as corporations, they possess all the benefits of corporate status.