Section 501 (c) (3) in United States

Definition of Section 501(c)(3)

A concept of Section 501(c)(3) applicable in the United States: The section of the Internal Revenue Code that defines tax-exempt organizations eligible to receive tax deductible contributions. To qualify, an organization must be operated exclusively for charitable, religious, educational, scientific, or literary purpose, to name a few examples. 501(c)(3) charities are further defined as public charities or private foundations. See also Private Foundation; Public Charity.

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See Also

• Charity
• Foundation
• NGOs