What is a 501c3 organization?
LaCharla Figgs
Last Update 3 年前
When someone mentions a "501c3," they're referring to a U.S. nonprofit that has been declared exempt from federal income taxes by the Internal Revenue Service (IRS).
The term 501c3 refers to the section of the IRS code that addresses the requirements for and the process of becoming tax exempt.
This is an important designation for nonprofit organizations in the U.S. because it serves as a kind of "seal of approval." It tells the public that the IRS considers the organization to be one that exists to serve the public good.