What is a 501(c)(3) non-profit?

Answer According to the U.S. Internal Revenue Service (IRS), a 501(c)(3) non-profit is a charitable organization. Because their sole purpose is to serve society, whether that entails feeding the poor or p... Read More »

Top Q&A For: What is a 501(c)(3) non-profit

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 »

How to Start a 501C3 Non-Profit Rescue?

Setting up a non-profit rescue organization involves a few steps. Namely, define the organization mission and structure, find corporate officers, file for tax-exempt status and set up a rescue prog... Read More »

501C3 Non Profit Requirements for Texas?

If you are starting an organization (charitable or otherwise) in the great state of Texas and are looking for nonprofit, 501(c)3 status when it comes to taxes, it can be as simple as filing some pa... Read More »

Why Is Economic Profit a Better Measure of Profit Than Accounting Profit?

Although rarely acknowledged, you can measure profit in more than one way. Sometimes numbers can deceive you, and this is the case when it comes to accounting profit, which merely shows profit on t... Read More »