Tax Credits Available!
Guardian Angel was awarded Youth Opportunity Program (YOP) and Neighborhood Assistance Program (NAP) tax credits to support our mission. Administered by the state of Missouri, these tax credits help to attract eligible donors who want to redirect their tax dollars to an approved nonprofit.
What are the benefits of tax credits?
Guardian Angel will receive the full benefit of your donation, while your tax liability may be significantly reduced. The YOP and NAP credit amount is equal to 50% of your donation. Credits allow you to save on both your federal and state taxes.
YOP and NAP Tax Credits are available for donations over $500 to Guardian Angel. These credits are available to any individual or business with a Missouri tax liability. The tax credit is eligible for the year of the donation plus 5 succeeding years.
Potential Savings with Tax Credits
| Donation Amount | $10,000 | $5,000 | $1,000 | $500 |
|---|---|---|---|---|
| Missouri Tax Credits | -5,000 | -2,500 | -500 | -250 |
| Missouri Tax Savings | -270 | -135 | -27 | -14 |
| Federal Tax Savings | -1,100 | -550 | -110 | -55 |
| Total Tax Savings | -6,370 | -3,185 | -637 | -319 |
| Net Cost to Donor | $3,630 | $1,815 | $363 | $182 |
Interested in learning more or donating?
Contact Kirsten Brauch at brauchk@gasastl.org or 314-773-9027 x 254.
