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

What is a 501(c)(3) organization? by @R44D

Answer by Raad Ahmed:

A 501(c)(3) falls under the most common tax-exempt entity in the US. Essentially if a non-profit meets certain criteria then it is exempt from federal income taxes. Some states also offer tax exemption under this type of organization. There are 29 types of non-profits that can fall under this category. The most common includes:

  • Charitable
  • Religious
  • Educational
  • Scientific
  • Literary
  • Testing for public safety
  • Fostering amateur sports competition
  • Preventing cruelty to children
  • Preventing cruelty to animals

If you need assistance setting up your 501(c)(3) organization, LawTrades can help. We would be happy to assist you with finding the appropriate attorney for your needs. We offer flat-rates and flexible payment options. Check out our website for more information.

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

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