What is a 501c3?

Answer 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 »

Top Q&A For: What is a 501c3

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 »

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 »

How do i obtain a 501c3?

Complete IRS Form1023, which is the application for recognition of exemption under Section 501(c)(3) of the Internal Revenue Code. As part of this process, supply the IRS with your company's financ... Read More »

How to Set Up a 501C3 Charity?

Great ideas for starting charities are easy to come by, but the know-how to implement those ideas is much scarcer. One type of charity is the 501(c)3 corporation. This nonprofit receives great tax ... Read More »