What is a 501(c)(3) nonprofit organization?

Answer The Internal Revenue Code provides tax benefits to nonprofits who qualify as exempt. A 501(c)(3) nonprofit organization is one that has been determined to be exempt and can receive tax deductible c... Read More »

Top Q&A For: What is a 501(c)(3) nonprofit organization

How to Start a 501c3 Nonprofit Organization?

Have you always wanted to lead the world to a better place than you see it now? By starting a nonprofit organization? Here's a simple, straightforward guide on how you can successfully establish a ... Read More »

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 »

Where do fundraising monies go in a 501c3 organization?

501(c) (3) organizations are also known as public charities. The funds raised by 501(c)(3) charities may go toward very different objectives, because all operate under their own mission statements.... Read More »

What is a nonprofit organization?

A nonprofit organization is an entity with a Board of Directors that is guided by a mission statement, operated based on by-laws, and whose profits are reinvested in the organization and not distri... Read More »