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A 501 (c) (3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501 (c) (3) of Title 26 of the United States Code. It is one of the 29 types of 501 (c) nonprofit organizations [ 1] in the US.
A 501 (c) organization is a nonprofit organization in the federal law of the United States according to Internal Revenue Code (26 U.S.C. § 501 (c)). Such organizations are exempt from some federal income taxes. Sections 503 through 505 set out the requirements for obtaining such exemptions. Many states refer to Section 501 (c) for definitions ...
Form 990. 2022 revision of Form 990. Form 990 (officially, the " Return of Organization Exempt From Income Tax " [ 1]) is a United States Internal Revenue Service (IRS) form that provides the public with information about a nonprofit organization. [ 2] It is also used by government agencies to prevent organizations from abusing their tax-exempt ...
These regulations are used not only to determine if the organization is exempt from tax under the organization's activities as a non-profit organization. If the organization purpose is one of those described in § 501(c)(3) of the Internal Revenue Code , [ 3 ] it may apply for a ruling that donations to it are tax deductible to the persons or ...
Not-for-profit organization. A not-for-profit or non-for-profit organization ( NFPO) is a legal entity that does not distribute surplus funds to its members and is formed to fulfill specific objectives. [ 1] An NFPO does not earn profit for its owners, as any revenue generated by its activities must be put back into the organization.
The Johnson Amendment is a provision in the U.S. tax code, since 1954, that prohibits all 501 (c) (3) non-profit organizations from endorsing or opposing political candidates. Section 501 (c) (3) organizations are the most common type of nonprofit organization in the United States, ranging from charitable foundations to universities and churches.
A nonpartisan organization, in American politics, is a non-profit organization organized United States Internal Revenue Code ( 501 (c)) that qualifies certain non-profit organizations for tax-exempt status because they refrain from engaging in certain political activities prohibited for them. [1] The designation "nonpartisan" usually reflects a ...
A supporting organization, in the United States, is a public charity that operates under the U.S. Internal Revenue Code in 26 USCA 509 (a) (3). A supporting organization either makes grants to, or performs the operations of, a public charity similar to a private foundation . However, unlike donations to a private foundation, donations to a ...
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