What is a 501(c)(3) organization?
A 501(c)(3) organization is a non-profit organization with tax exempt status that is dedicated to the general well-being of society.
What Is a 501(c)(3) Charity?
The majority of public charities are 501(c)3 organizations, but other institutions may be as well.Any donations made to a 501(c)(3) may be written off to reduce taxable income for the donor.
Is a 501(c)(3) organization tax exempt?
A 501(c)(3) organization is tax exempt so long as it remains true to its stated mission and remains compliant with the IRS.
What does 501(c)(3) mean?
501(c)(3) is the internal revenue code (IRC) section for organizations with tax exempt status. 501(c)(3) falls under internal revenue code 501(c).
True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.
True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.