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Exemption requirements - 501 (c) (3) organizations | Internal Revenue . . . To be tax-exempt under section 501 (c) (3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501 (c) (3), and none of its earnings may inure to any private shareholder or individual
501 (c) organization - Wikipedia 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
501 (c) Organization: What They Are, Types, and Examples 501 (c) is a subsection of the United States Internal Revenue Code (IRC) that confers tax-exempt status on nonprofit organizations Specifically, it identifies which nonprofit organizations are
26 U. S. Code § 501 - LII Legal Information Institute Corporations organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to an organization which itself is exempt under this section Rules similar to the rules of subparagraph (G) of paragraph (25) shall apply for purposes of this paragraph
What Is 501(a) and Which Entities Qualify for Tax-Exempt Status? Section 501 (a) of the Internal Revenue Code grants tax-exempt status to organizations serving distinct community purposes These include entities organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes
Area code 501 - Wikipedia Area code 501 is one of the original North American area codes assigned in 1947 when the American Telephone and Telegraph Company (AT T) created a nationwide telephone numbering plan
How To Start A 501(c)(3) Nonprofit - Forbes What Is A 501 (c) (3) Nonprofit? A 501 (c) (3) nonprofit is an organization that has applied and been approved for IRS recognition as a tax-exempt organization Nonprofits rely on their 501 (c)