If I make a donation, where does it go?
100% of the donation goes to us. There are no administrative costs or deductions taken by IHOP. After state and federal tax withholdings, which is about 20%-25%, we receive the rest of the amount. As IHOP is recognized by the government as a religious order, they are not required to pay any taxes for their employees. That is why we have to pay all of the taxes ourselves. In that way we are looked at by the government as self-employed.
Yes, we need $3,000 a month at the very least. About $600 of it is withheld for taxes; about $300 of it is our tithe. So, in reality, that leaves only about $2,000 a month for actual income. Also, IHOP does not provide any employee benefits. That leaves us responsible for getting medical and dental insurance, which is pretty costly.
With the continual rise of food prices, gas prices, and living expenses, we will soon need to raise more than $3,000 a month to meet our basic needs. However, for now, our initial goal is $3,000 a month.
There are several different options: Monthly, quarterly, annually, or occasionally. Monthly is ideal, but any type of financial support is greatly appreciated.
Yes. All donations given through IHOP are tax-deductible. 100% of donations given by check or money order is tax-deductible. Online giving is subject to a small transaction fee. The rest of the amount is tax-deductible. The finance office at IHOP will keep track of your donations as charitable contributions and you will receive a donation statement at the end of the year for tax purposes.
If you have any questions that are not answered here on this site, please don't hesitate to contact us.
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