It's True, your tax dollars are supporting an organization that investigates UFO sightings, alien abductions, unknown creatures, and other mysteries best explored by the cast of the X-Files or better yet, The Ghostbusters. ParaNexus Anomalous Research Association, inc. was approved by the IRS for tax-exempt status, allowing them access to grants and other public funding.
The director of investigations for ParaNexus had this to say:
“We take a serious...professional approach to helping people who are experiencing things they may not understand...people call us as a last resort because they are worried that others will think they’re crazy. But we are the least likely ones to think that people who experience unusual events are crazy. Sometimes it just helps to talk to someone who understands.”
ParaNexus Academy jumped a hurdle William C. Naylor's Infamous Sperm Bank couldn't. They proved their organization benefits the public and won their tax-exempt status.
So how did these "Ghostbusters" qualify for Tax-Exempt status? It's simple, they filled out The IRS Application 501(c)(3) and qualified for Tax-Empty status as a Scientific and Educational organization. They were professional and patient, proving they qualified and waiting 8 months to get the final word on their status from the IRS.
Want to see if your business qualifies for federal tax-exempt status? Check out the IRS's list of Types of Tax-Exempt Organizations and see if you qualify. If the "Ghostbusters" can; why can't you?