Find:

Jobs (4,937)
Volunteer opportunities (17,075)
Organizations (93,051)
Affinity Groups (2,002)
Consultants (216)
Internships (2,349)
Programs (2,164)

The Blog

The Nonprofit FAQ > Organization >

What happens when nonprofits go out of business? A plan of dissolution is supposed to be filed. Often that doesn't happen. Assets must be passed on to another organization with a similar purpose.
Can we re-incorporate in another state? Although the organization may feel it is just a formality when the state of incorporation is changed, in fact one organization has gone out of existence and a new one has been formed. New standing with the IRS is necessary.
Can a nonprofit declare bankruptcy? Yes. This item includes references to several discussions of the question from a variety of sources.
Resources for Understanding Nonprofit Mergers Here's a link to a page with references on this topic.
Do Foundations Ever Go Out of Existence? Some are set up that way by the founders. The Markey Foundation produced a handbook on the process of dissolution - From Foundation News and Commentary.
'Milestones' in the Life of a Nonprofit The IRS and the UK Charities Commission have brief guides to starting, operating, and closing down a community-service organization or charity.

Permalink: http://www.idealist.org/if/i/en/faqcat/10-7