Revenue Sources Generation for Appalachian Trail Conservancy
Revenue Structure
Appalachian Trail Conservancy exist not to make money but to fulfill one of the purposes recognized by federal law; charitable, educational and scientific requirements. Under state and federal tax laws, however, as long as the corporation is organized and operated for a recognized nonprofit purpose and has secured the proper tax exemptions, it can take in more money than it spends to conduct its activities. Based on this, revenue is the society's way of paying for the services provided by Appalachian Trail Conservancy. A revenue structure describes the many sources of income a local government receives. The major sources of revenue include taxes, other revenue sources and inter-governmental transfers, which are defined below.
Compulsory Income
The organization's compulsory income sources include cash and non-cash sources got through taxes, license and permits. Since the firm is a corporation of the federal government, local revenue structures are largely determined by state doctrine. While state governments generally aim to provide sufficient autonomy and support to the firm, there are fifty state-local revenue systems that even vary within states (Government Finance Officers Association, 2010). The revenue structure is influenced by the organization's size, geography, land use and coverage of government services. Other local determinants include numerous legal, political and economic influences, including historical precedent, national economic trends, federal mandates, state laws, intergovernmental relations, regional precedent, citizens' preferences and the city administration's preferences.
In order to bolster revenue, there are several other revenue sources, including local option taxes, service charges, and fees levied by the organization with state approval. These additional sources help the organization gain financial stability, broaden the tax base, expand the types of activities taxed and increase their independence from state and federal finances. Taxes are an essential source of revenue for Appalachian Conservancy and it is...
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