I am based in the US, and I really like the idea of starting a non-profit organization that I can use to do good in charitable areas that I would like to contribute to. Unfortunately, one of my only lucrative skills is software development, which is typically a job performed for-profit. I would like to do paid software development contract work and get paid a salary, except through this organization. I would then like to use the rest of profits kept at the organization level toward charity work and re-investment into the org.
I really don't even know where to start with the questions. Here are a few to start:
- What is this type of organization called? I'm having a hard time searching due to only knowing more common terms to describe this.
- If money and/or my time is spent doing charitable work through this organization, are there any tax advantages VS donating my personal post-tax income and free time?
- Would I be able to do free work for other non-profits, free community teaching, etc while still being considered "on the clock" / paid by the org? eg If my salary from the org dictates that I must work at least 40 hours per week, could I legally consider my charitable time towards those 40 hours?
Charity work is important to me, and to that end I would like to be able to perform it in the most efficient and tax-advantaged way possible to maximize the impact I can have. Thanks in advance.