What is 501(c)(3) status?

Answer 501(c)(3) status is the privilege of tax-exemption granted to charitable organizations in the United States. The name "501(c)(3)" comes from the location of the definition within the Internal Reve... Read More »

Top Q&A For: What is 501(c)(3) status

How long can a nonprofit operate without 501c3 status?

Before 27 months of existence, a nonprofit organization has to file for its 501c3 status to receive tax-exempt status retroactive to the date of formation. If filed later, the tax exemption will on... Read More »

What is a 501c3?

The term "501(c)(3)" refers to a section of the tax code that offers a tax-exempt status to qualifying organizations.Tax ExemptionsOrganizations accepted under section 501(c)(3) of the tax code are... Read More »

What is section 501c3?

Section 501 of the U.S. Internal Revenue Code exempts certain organizations from taxation. Sub-section 501(c)(3) identifies specific organizational purposes that qualify for exempt status, includin... Read More »

What is a 501c3 non-profit?

In the Internal Revenue Code, section 501c3 describes organizations that are able to receive tax-deductible contributions. These are typically considered charitable organizations, but not all char... Read More »