501(c)(3) organizations are: any corporation and any community chest, fund, or foundation organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary or educational purposes, or to foster national or international amateur sports competition, or for the prevention of cruelty to children and animals.
No part of the net earnings can benefit any private shareholder, no substantial part of its activities can be involved in carrying propaganda, participate, or intervene in any political campaign.
Organizations must file the IRS Form 1023 to apply for tax-exempt status.
501(c)(3) organizations are: any corporation and any community chest, fund, or foundation organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary or educational purposes, or to foster national or international amateur sports competition, or for the prevention of cruelty to children and animals.
ReplyDeleteNo part of the net earnings can benefit any private shareholder, no substantial part of its activities can be involved in carrying propaganda, participate, or intervene in any political campaign.
Organizations must file the IRS Form 1023 to apply for tax-exempt status.