501(c)(3)

1. 본문

A 501(c)(3) is a tax-exempt nonprofit organization as defined in section 501(c)(3) of the U.S. Internal Revenue Code. Here are some key aspects:

• Tax Exemption: Organizations that meet the requirements of Section 501(c)(3) are exempt from federal income tax.
• Tax Deductible Donations: Donations made to 501(c)(3) organizations are tax-deductible for the donors.
• Purpose: To qualify, organizations must be organized and operated exclusively for specific purposes, which can include:
• Charitable
• Religious
• Educational
• Scientific
• Literary
• Testing for public safety
• Fostering national or international amateur sports competition
• Preventing cruelty to children or animals
• Types: 501(c)(3) organizations generally fall into one of these categories:
• Public charities
• Private foundations
• Private operating foundations
• Limitations:
• They are subject to restrictions on political activities, and generally cannot endorse or oppose political candidates.
• They may not attempt to influence legislation as a substantial part of their activities.
• Earnings must be used to further the organization's mission and cannot benefit private shareholders or individuals.
• Benefits: 501(c)(3) organizations are eligible to receive government and private grants
• Examples: Common examples of 501(c)(3) organizations are churches, charities, and research groups.
• Difference from 501(c)(4): 501(c)(4) organizations are "social welfare" groups. Unlike 501(c)(3) organizations, donations to 501(c)(4)s are not tax-deductible, but they have fewer restrictions on lobbying activities.