Is Non Profit or Charity set up best way to go?

MayaMaya_2

First time on the forum and asking for help on setting up correctly.

We are organizing a fund raising event at a theatre. Everyone is putting their time in for free - we just need to cover the costs of the event and the entire funds are then distributed to 3 kids charities. We will hold an event every 2 years.

So, Not For Profit Organization or a Charity? Which is easier to set up and administer and what documents will we need to produce? As we will only do an event every 2 years, should we keep it dormant in between events or start / close each time?

Any advice gratefully received!

ahai1

Rather then setting up your own organisation as you are goiong to do it once every 2 years it would be better to work with another organisation.

MayaMaya_2

Thanks for advice

GiveItBack

Agreed, contact the thre charities, and work on their behalf. DO keep accounts (just a spreadsheet should be fine), and ask them for advice, but there's not really much point in setting up another organisation to do an event every two years.