501(c)6

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501(c)6

A subsection of the Internal Revenue Code governing the status of non-profit organizations devoted to business purposes. That is, a 501(c)5 organization seeks to promote better business conditions for persons or companies that belong to it. Examples of organizations that may register under subsection 501(c)6 include chambers of commerce and real estate boards. They may conduct lobbying for their causes, but not as their primary activity. 501(c)6 organizations are exempt from federal taxation.
References in periodicals archive ?
Her work in this position has resulted in PHNAC obtaining 501c6 status.
1 dollars this year, supports the programs of AIANY, the 501c6 professional organization of the architectural community in New York City, and the Center for Architecture Foundation, a design-education 501c3 nonprofit organization.
The Lee County Bar Association, a 501c6 not-for-profit organization, has served the citizens and legal community of Lee County since 1949 and has a current membership of almost 800.
The National Association of Hispanic Real Estate Professionals, a non-profit 501c6 trade association, is dedicated to increasing the homeownership rate among Latinos by educating and empowering the real estate professionals that serve them.