501(c)(3) is a provision of the US tax code that provides exempt status, for Federal income tax purposes, for some non-profit organizations in the United States (see 26 U.S.C. § 501(c)(3)). The term refers to: A nonprofit organization (sometimes abbreviated to not-for-profit, non-profit, or NPO) is an organization whose primary objective is to support some issue or matter of private interest or public concern for non-commercial purposes. ... The United States Code (U.S.C.) is a compilation and codification of the general and permanent federal Law of the United States. ...

• Section 501. Exemption from tax on corporations, certain trusts, etc.
• Subsection (c) List of exempt organizations
• Paragraph (3) Corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety (described under 509(a)(4) of the code which makes the organization a public charity and not a private foundation. Contributions to 509(a)(4) organizations are not deductible to the donor for federal income, estate, or gift tax purposes), literary, or educational purposes, or to foster national or international amateur sports competition ... , or for the prevention of cruelty to children or animals ...of the United States Internal Revenue Code.

Another provision, 26 U.S.C. § 170, provides a deduction, for Federal income tax purposes, for some donors who make charitable contributions to 501(c)(3) organizations. A 501(c) is a specific type of tax exempt non profit organization designated under Section 501 c of the United States Internal Revenue Code. ... Fishers of men; Oil on panel by Adriaen van de Venne (1614) Religion (see etymology below) is commonly defined as a group of beliefs concerning the supernatural, sacred, or divine, and the moral codes, practices, values, institutions and rituals associated with such belief. ... This article refers to the act of selfless giving, and organizations which facilitate selfless giving. ... Wikimedia Commons has media related to: Science For the scientific journal named Science, see Science (journal). ... Literature is literally acquaintance with letters as in the first sense given in the Oxford English Dictionary (from the Latin littera meaning an individual written character (letter)). The term has generally come to identify a collection of texts, which in Western culture are mainly prose, both fiction and non-fiction... The Internal Revenue Service (IRS) is the United States government agency that collects taxes and enforces the tax laws. ... The United States Code (U.S.C.) is a compilation and codification of the general and permanent federal Law of the United States. ... Charitable contribution deductions for United States Federal Income Tax purposes are defined in section 170(c) of the Internal Revenue Code as contributions to or for the use of certain listed nonprofit enterprises. ...

Section 501(c)(3) is just one of the tax law provisions granting tax exemption to non-profit organizations. A tax exemption is an exemption to the tax law of a state or nation in which part of the taxes that would normally be collected from an individual or an organization are instead foregone. ...

501(c)(3) status for charities and the related section 170 deduction for donors are important to many charitable groups. Some individuals and groups (and virtually all foundations) will not give to a charity if it does not have 501(c)(3) status. Therefore, loss of this status can be harmful to a charity's existence.

See also

• Non-profit organization
• 501(c)(4)
• 527 group
• Also known as 501 3(c)

A nonprofit organization (sometimes abbreviated to not-for-profit, non-profit, or NPO) is an organization whose primary objective is to support some issue or matter of private interest or public concern for non-commercial purposes. ... 501(c)(4) refers to a provision of the United States Internal Revenue Code providing an exemption from the imposition of Federal income tax for the following kinds of entities: Civic leagues or organizations not organized for profit but operated exclusively for the promotion of social welfare, or local associations... A 527 group, is a type of tax-exempt organization, named after a section of the United States tax code, that is created primarily to influence the nomination, election, appointment or defeat of candidates for public office. ...

External links

• HushMoney
• United States Code - Browse the U.S. Code at the Government Printing Office
• Internal Revenue Code - Direct link to sections 501 - 505
• IRS Website
• Helpful Resources, Links, and Assistance
• Revenue Rulings Lookup