A 501(c) organization and a 501(c)3 organization are similar in designation, however they differ slightly in their tax benefits. Both types of organization are exempt from federal income tax, however a 501(c)3 may allow its donors to write off donations whereas a 501(c) does not. Subsection 501(c) of the Internal Revenue Code is the "List of exempt organizations." Subsection (3) of subsection 501(c) outlines the specific organizations which are tax exempt under subsection 501(c)(3) and will receive that subsection's specific tax treatment (including tax write offs for donors). Here is a screenshot from the Internal Revenue Code section 501(c)(3) in context: [caption id="attachment_43475" align="alignnone" width="2430"] Screenshot of 501(c)(3) of Internal Revenue Code[/caption]Difference Between 501c and 501c3
What Is the Difference Between a 501c and a 501c3? FAQs
A 501(c)(3) organization is a non-profit organization with tax exempt status that is dedicated to the general well-being of society.
a 501(c)(3) is just a subsection of section 501(c) of the Internal Revenue Code. It describes tax exemption for certain nonprofits, but section 501(c) also includes other, broader categories.
A 501(c)(3) organization is tax exempt so long as it remains true to its stated mission and remains compliant with the IRS.
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).
The Internal Revenue Code states the following entities qualify for 501(c)(3) status: "(3) Corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or to foster national or international amateur sports competition (but only if no part of its activities involve the provision of athletic facilities or equipment), or for the prevention of cruelty to children or animals, no part of the net earnings of which inures to the benefit of any private shareholder or individual, no substantial part of the activities of which is carrying on propaganda, or otherwise attempting, to influence legislation (except as otherwise provided in subsection (h)), and which does not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition to) any candidate for public office."
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