Section 501c3

Section 15 j of the railroad retirement act of 1974 referred to in subsec.

Section 501c3. Organizations described in section 501 c 3 other than testing for public safety organizations are eligible to receive tax deductible contributions in accordance with code section 170. Under the law a charity is deemed to be a private foundation unless it can show that it is a public charity under section 509 a of the code. It is one of the 29 types of 501 c nonprofit organizations in the us additionally there are two types of 501c3.

C 29 a b ii is classified to section 18042 of title 42 the public health and welfare. C 28 is classified to section 231n j of title 45 railroads. Charitable organizations organizations organized and operated exclusively for religious charitable scientific testing for public safety literary educational or other specified purposes and that meet certain other requirements are tax exempt under internal revenue code section 501 c 3.

Organizations that meet the requirements of section 501 c 3 are. Section 501 c 3 organizations are prohibited from supporting political candidates as a result of the johnson amendment enacted in 1954. When the irs determines that an organization qualifies for exemption under section 501 c 3 it will also be classified as a private foundation unless it meets the requirements to be treated as a public charity.

Organizations described in section 501 c 3 are commonly referred to as charitable organizations. Section 1322 of the patient protection and affordable care act referred to in subsec. Section 501 c 3 organizations are subject to limits on lobbying having a choice between two sets of rules establishing an upper bound for their lobbying activities.

Internal revenue code irc and a specific tax category for nonprofit organizations.