Beginner's Guide to 501(c)(3) Not-for-Profit Corporations
Key Highlights * 501 c 3 not for profit corporation are non-profit groups recognized by the IRS as tax-exempt. They do not have to pay federal income tax and can also receive tax-deductible donations. * These organizations work for charitable, religious, educational, scientific, literary purposes, public safety testing, or to prevent cruelty.