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Nonprofit organization (view source)
Revision as of 06:07, September 26, 2016
, 06:07, September 26, 2016IRC 501(c) exemptions
A '''nonprofit organization''' is an organization which does not sell or provide services for [[profit]]. [[Church]]es are nonprofit organizations. Others include most charities and public organizations (such as the [[Boy Scouts]] and the [[Red Cross]]).
A '''nonprofit organization''' is an organization which does not sell or provide services for [[profit]]. [[Church]]es are nonprofit organizations. Others include most charities and public organizations (such as the [[Boy Scouts]] and the [[Red Cross]]).<br />
In U.S. tax code, non-profit organizations can be exempted from taxation if they submit proper state and federal exemption forms. The most common exception is granted under the Internal Revenue Code 501(c)(3) (Charitable, non-profit, religious, and educational organizations), but there are other exemptions. These include IRC 501(c)(1) through IRC 501(c)28.<ref>https://www.irs.gov/charities-non-profits/types-of-tax-exempt-organizations</ref><ref>http://www.taxfreecharity.com/types.htm</ref>
[[Category:Organizations]]
[[Category:Organizations]]