---
title: Can HOA be entrepreneurial and keep non-profit status?
description: At our condo association we sometimes charge a fee for the events. how much money are we allowed to keep in our treasury to stay not for profit. We have a President, Vice President and Treasurer and hold monthly meeting. The events are only open to owners and tenants, not outside guests.
image: https://www.condoassociation.com/hs-fs/hub/504/file-2086041848.jpg
---

[Skip to content](https://www.condoassociation.com/blog/what-makes-our-condo-association-a-non-profit#main-content)

# Can HOA be entrepreneurial and keep non-profit status?

| [Condo & HOA Law](https://www.condoassociation.com/blog/topic/condo-hoa-law) |  

<https://www.facebook.com/sharer/sharer.php?u=https://www.condoassociation.com/blog/what-makes-our-condo-association-a-non-profit>

<https://twitter.com/intent/tweet?url=&text=https://www.condoassociation.com/blog/what-makes-our-condo-association-a-non-profit>

<https://pinterest.com/pin/create/button/?url=https://www.condoassociation.com/blog/what-makes-our-condo-association-a-non-profit>

<https://www.linkedin.com/shareArticle?mini=true&url=https://www.condoassociation.com/blog/what-makes-our-condo-association-a-non-profit>

## What do you think? Question:

At our condo association we have a social club that holds social events, like dances, ice cream socials, breakfast, etc. we sometimes charge a fee for the events.  How much money are we allowed to keep in our treasury to stay not for profit.  We have a President, Vice President and Treasurer and hold monthly meeting. The events are only open to owners and tenants, not outside guests.

<https://www.facebook.com/sharer/sharer.php?u=https://www.condoassociation.com/blog/what-makes-our-condo-association-a-non-profit>

<https://twitter.com/intent/tweet?url=&text=https://www.condoassociation.com/blog/what-makes-our-condo-association-a-non-profit>

<https://pinterest.com/pin/create/button/?url=https://www.condoassociation.com/blog/what-makes-our-condo-association-a-non-profit>

<https://www.linkedin.com/shareArticle?mini=true&url=https://www.condoassociation.com/blog/what-makes-our-condo-association-a-non-profit>

## What do you think? Answers (5)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

## Related Posts

### [Can HOA president sign contracts?](https://www.condoassociation.com/blog/can-hoa-president-sign-contracts)

### [Did HOA president fail to do the job?](https://www.condoassociation.com/blog/did-hoa-president-fail-to-do-the-job)

### [Do we have to have a condo president?](https://www.condoassociation.com/blog/do-we-have-to-have-a-condo-president)

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "dateModified" : "2024-10-01",
  "datePublished" : "2024-10-01",
  "headline" : "Can HOA be entrepreneurial and keep non-profit status?",
  "image" : [ "https://www.condoassociation.com/hs-fs/hub/504/file-2086041848.jpg" ],
  "mainEntityOfPage" : {
    "@id" : "https://www.condoassociation.com/blog/what-makes-our-condo-association-a-non-profit",
    "@type" : "WebPage"
  }
}
```