#5748
 kellywardcpa 
Participant

Hi Dan,

For the most part, you would have to come up with some way to put a value of goods/services received. That being said, there are a few exceptions that may work in your situation! I’ve provided the information from the IRS publication 526 below:

Membership fees or dues. You may be able to deduct membership fees or dues you pay to a qualified organization. However, you can deduct only the amount that is more than the value of the benefits you receive.
You can’t deduct dues, fees, or assessments paid to country clubs and other social organizations. They aren’t qualified organizations.
Certain membership benefits can be disregarded. Both you and the organization can disregard the following membership benefits if you get them in return for an annual payment of $75 or less.
1. Any rights or privileges, other than those discussed under Athletic events , earlier, that you can use frequently while you are a member, such as:
1. Free or discounted admission to the organization’s facilities or events,
2. Free or discounted parking,
3. Preferred access to goods or services, and
4. Discounts on the purchase of goods and services.
2. Admission, while you are a member, to events open only to members of the organization if the organization reasonably projects that the cost per person (excluding any allocated overhead) isn’t more than $10.60.

©2017 Nonprofit Ally | All rights reserved | Privacy | Terms of Service | *Disclaimer | Contact

Log in with your credentials

Forgot your details?