501c3 The section 501(c)(3) constitutes the section that is part of the US Internal Revenue Code that permits exemption from federal taxation for nonprofit organisations, particularly those classified as private foundations, public charities and private foundations operating for profit. It is administered and regulated through the US Department of Treasury through the Internal Revenue Service. To be able to be considered tax-exempt, 501(c)(3) is the nonprofit must be established for at least one of the following exclusively charitable goals: Religious Charitable Scientific Evaluation for Public Safety Literary Educational Promotion of international or national amateur sports, as well as Prevention of cruelty towards animals and children https://www.lotuspetalusa.org/501c3-guide/ #501c3 #501c3guide

501c3 A 501(c)(3) organization in the US is a type of nonprofit organization exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code, providing that certain criteria and purposes are fulfilled to qualify as tax-exempt status. To become one, an organization must meet specific requirements and fulfill specific purposes to qualify as a 501(c)(3). https://www.lotuspetalusa.org/501c3-guide/ #501c3 #501c3guide

501c3 501(c)(3) Organizations are classified into three categories that include private foundations and private operating foundations. Public charity: These are what people think of as organisations that are active in their programs. Examples include benevolence and church organizations as well as animal welfare organizations and educational institutions, among others. They usually get a large part of their revenue either from people in general or the government. Donations to public charities may be tax-deductible up to 60 percent of the individual donor’s income. Corporate limits generally are 10 percent. Additionally, public charities have to maintain a governing body mostly composed of non-related, independent individuals. https://www.lotuspetalusa.org/501c3-guide/ #501c3 #501c3guide

501c3 The section 501(c)(3) constitutes the section that is part of the US Internal Revenue Code that permits exemption from federal taxation for nonprofit organisations, particularly those classified as private foundations, public charities and private foundations operating for profit. It is administered and regulated through the US Department of Treasury through the Internal Revenue Service. To be able to be considered tax-exempt, 501(c)(3) is the nonprofit must be established for at least one of the following exclusively charitable goals: Religious Charitable Scientific Evaluation for Public Safety https://www.lotuspetalusa.org/501c3-guide/ #501c3