A 501(c)(6) is a type of non-profit organization that is common in the United States. It one of several types of 501(c) organizations so named by their authorizing clause in the Internal Revenue Code. A non-profit organization (often called non-profit org or simply non-profit or not-for-profit) can be seen as an organization that doesnt have a goal to make a profit. ... 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. ...
The 501(c)(6) is specifically reserved to Chamber of Commerce organizations, real estate boards, trade boards, professional football leagues (e.g., the NFL), and other types of business leagues. They are characterized by a common business interest, which the organization typically promotes. Organizations under this category are exempt from most federal income taxes. Donations to a 501(c)(6) are not tax deductible as charitable contributions, as is the case in the 501(c)(3) category. Chambers of commerce are business advocacy groups which are usually not associated with government. ... 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: Section 501. ...
501(c)(6) organizations may engage in limited political activities that, inform, educate, and promote their given interest. They may not engage in direct expenditures advocating a vote for a political candidate or cause. Donations to 501(c)(6) organizations are not required to be disclosed.
Contributions to 501(c)(6) organizations are not deductible as charitable donations for federal income tax purposes.
As long as 501(c)(4), 501(c)(6), or 501(c)(19) organizations are primarily involved with tax-exempt activities, they can engage in a substantial amount of lobbying.
However, lobbying may not be a substantial part of the activities of a 501(c)(3) organization.
Feeds |
Contact