501c3 Organization: What It Is, Pros and Cons, Examples
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A nonprofit designation and tax-exempt status are given only to organizations that further religious, scientific, charitable, educational, literary, health, or other beneficial causes. Examples of nonprofit organizations include hospitals, universities, charities, churches, and foundations. The IRS has issued a long list of the types of nonprofit organizations that can qualify for 501(c) status. Common examples include charitable […]