IRS 501(c)(3) Application

Written by True Tamplin, BSc, CEPF® | Reviewed by Editorial Team

Updated on December 14, 2022

IRS Application for 501(c)(3)

The IRS 501(c)(3) application is completed upon approval of form 1023 or, in some qualified circumstances, form 1023-EZ. The latter is simply an expedited version of the former. The full form costs $600 to file, and the expedited costs $275. The IRS estimates they may take over 100 hours to complete, so hiring a specialist is recommended.

IRS 501(c)(3) Application FAQs

What is a 501(c)(3) organization?

A 501(c)(3) organization is a nonprofit organization with tax exempt status that is dedicated to the general well-being of society.

What is an IRS 501(c)(3) application?

The application for 501(c)(3) is form 1023 (or 1023-EZ for smaller organizations). These forms are both available on the IRS website.

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).

About the Author

True Tamplin, BSc, CEPF®

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.

To learn more about True, visit his personal website, view his author profile on Amazon, or check out his speaker profile on the CFA Institute website.

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