Section 501 C 3 Of The Internal Revenue Code

Section 501 c 3 is a portion of the u s.
Section 501 c 3 of the internal revenue code. In addition it may not be an action organization i e it may not attempt to influence legislation as a substantial part of its. Organizations that meet the requirements of section 501 c 3 are. Internal revenue code irc and a specific tax category for nonprofit organizations.
To be tax exempt under section 501 c 3 of the internal revenue code an organization must be organized and operated exclusively for exempt purposes set forth in section 501 c 3 and none of its earnings may inure to any private shareholder or individual. Exemption from tax on corporations certain trusts etc. Code unannotated title 26.
An organization described in subsection c or d or section 401 a shall be exempt from taxation under this subtitle unless such exemption is denied under section 502 or 503. In the case of any organization described in paragraph 3 or 4 of section 501 c of the internal revenue code of 1986 and with respect to which the provision of credit counseling services is a substantial purpose on the date of the enactment of this act the amendments made by this section shall apply to taxable years beginning after the. Organizations organized and operated exclusively for religious charitable scientific testing for public safety literary educational or other specified purposes and that meet certain other requirements are tax exempt under internal revenue code section 501 c 3.