501(c)(3)

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501(c)(3)

A subsection of the Internal Revenue Code governing the status of non-profit organizations devoted exclusively to religious, charitable, scientific, educational, and other, similar purposes. 501(c)3 organizations are exempt from federal taxation and, in most cases, contributions and donations made to them are also tax exempt. Nearly all major charities in the United States are 501(c)3 organizations; many philanthropic foundations do not provide grants to organizations not registered under 501(c)3. They are not allowed to lobby for political candidates.

501(c)(3)

A charitable organization, named after Internal Revenue Code, Section 501(c)(3), which gives such organizations tax-exempt status.
References in periodicals archive ?
Zoned commercial this property is owned by an Active 501c3 corp.
July 27, 2015 /PRNewswire/ -- Arrow Strategies announces the launch of Arrow Cares, a 501c3 charity that was created to support the company's core belief of "giving back".
com)-- Infiniti Insurance Trust (IIT) has finalized a comprehensive 501c3 unemployment trust program that is committed to better enabling charitable organizations, nonprofits and public entities to reduce the substantial costs related to unemployment claims and taxes.
Goodwill Industries of Alaska is a 501c3 mission-integrated non profit enterprise-funded organization that provides services to individuals with barriers to employment.
ableBanking is also launching an exclusive high interest rate non-profit money market account which allows any 501c3 to designate the extra 0.
Another effort underway is getting a 501c3 foundation in place.
The AOCS is an international 501C3 society based in Champaign, Illinois.
The Stowitts Museum and Library elected a board of directors, received 501c3 nonprofit status and opened to the public in 1994.
The YIDA brought in National Development Council, a national not for profit 501c3, to raise the capital and redevelop the facility.
All proceeds will benefit GNF, a non-profit 501c3 organization.
This impressive ratio ranks higher than other charitable organizations and foundations, including Cystic Fibrosis Foundation and the American Red Cross which have the highest ratio of admin-to-research costs among all 501c3 charities.
Ronald McDonald House Charities, a non-profit 501c3 corporation, creates, finds and supports programs that directly improve the health and well being of children.