Featured:
Allergies
Grilling Guide
eHow Now Blog

Types of 501 C 3 Organizations

There are innumerable organizations that have been granted tax-exempt status under chapter 501(c)(3) of the United States tax code. Here's a brief rundown of the different flavors of these groups.

  1. Charitable

    • Charitable organizations are those that are formed to do some type of public good.

    Educational

    • Educational groups exist to foster an understanding of a specific issue.

    Private Foundation

    • This type of group receives most of its funding from an endowment. The foundation generally exists to make contributions to other groups.

    Deductions

    • Contributions to 501(c)(3) organizations are generally deductible from the donors' income tax obligation for the year in which the donation was made.

    Restrictions

    • Some 501(c)(3) organizations cannot engage in any lobbying activity, and none can advocate for the election of a particular political candidate.

Related Searches:

Comments

You May Also Like

  • Define 501c3

    Section 501(c)(3) of the U.S. tax code grants exemption from federal taxes to several different types of nonprofit charities. This law covers...

  • What is the Definition of a 501(c)(3) Organization?

    Organizations must meet certain requirements to file for tax-exempt status under section 501(c)(3) of the U.S. Tax Code. In general, non-profit organizations...

  • How to Find Out If an Organization Has 501c3 Status?

    501(c)(3) is the U.S. Internal Revenue Service designation for a nonprofit organization. While businesses either show a profit or suffer insolvency, a...

  • How to Find 501(c)(3) Tax Exempt Companies

    A 501(c)(3) tax-exempt company is a nonprofit or charitable organization that performs educational, scientific, religious or philanthropic work, according to the U.S...

  • Different Types of Incorporation

    Different Types of Incorporation. Starting a business involves choosing a legal structure under which the company will operate. Incorporating a business provides...

  • How to Apply for 501C3 Nonprofit Status

    In order to receive tax-deductible contributions and other benefits, an organization must apply to become a 501c3 tax-exempt organization as determined by...

  • What Is a 501(c)(3) Nonprofit Organization?

    When a nonprofit organization receives 501(c)(3) status that refers to the section of the IRS tax code that grants tax-exempt status. The...

  • How to Change the Name of a 501(c)(3)

    The paperwork involved for changing the name of a 501(c)(3) nonprofit organization requires notifying the proper state authorities and the Internal Revenue...

  • Grants for 501(C)(3) Organizations

    Grants for 501(C)(3) Organizations. 501(c)3 organizations, also known as non-profits, often depend on grants for funding. Grants come in all shapes and...

  • What Is 501 C3 Non-Profit Status?

    Internal Revenue Service (IRS) section code 501(c)(3) provides for organizations to be qualified as exempt from taxes on any financial contributions. A...

Related Ads

thumbnail
Featured