{"id":667,"date":"2017-10-27T03:18:25","date_gmt":"2017-10-27T03:18:25","guid":{"rendered":"http:\/\/www.irstaxapp.com\/?p=667"},"modified":"2017-10-27T03:54:55","modified_gmt":"2017-10-27T03:54:55","slug":"what-are-501-c-3-non-profit-organization","status":"publish","type":"post","link":"https:\/\/www.irstaxapp.com\/what-are-501-c-3-non-profit-organization\/","title":{"rendered":"What are 501 c 3 non profit organization?"},"content":{"rendered":"

\"501c <\/picture><\/a>Section 501 c 3\u00a0<\/strong><\/em> of\u00a0 Internal Revenue Code of US\u00a0 allows tax exemption <\/a>to certain nonprofit organizations that are set up as public charities, private foundations or private operating foundations.US Department of Treasury regulates all\u00a0 three types of 501(c) organizations,<\/em>through the Internal Revenue Service.<\/p>\n

Tax benefits to 501 c 3 organization get ?<\/h3>\n
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  1. Section 501(c)(3) organizations are fully tax exempt<\/a> from federal tax.<\/li>\n
  2. The donations to non-profit organization is fully tax deductible in hand of donors against the\u00a0 federal tax liability.<\/li>\n
  3. Like federal tax deduction granted to donation to 501(c)(3) organization , most states also allow for tax deductibility .<\/li>\n
  4. Many states allow 501(c)(3) organizations to be exempt from sales tax on purchases, as well as exemption from property taxes.<\/li>\n
  5. Special nonprofit, bulk rate postage discounts are available from the Post Office to qualifying organizations.<\/li>\n<\/ol>\n

    What are the types of 501(c)(3) Organizations<\/h2>\n

    These types of organizations fall into one of three different types of 501 c organizations :<\/p>\n