Tax Benefits

Section 501(c)(3) is a tax law provision granting exemption from the federal income tax to non-profit organizations. This exemption does not cover other federal taxes such as employment taxes.

Organizations must apply to the Internal Revenue Service to receive 501(c)(3) status.

501(c)(3) exemptions apply to corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or to foster national or international amateur sports competition, or for the prevention of cruelty to children or animals.

Under IRC Section 170, individuals giving to 501(c)(3) organizations
that are either public charities, private operating foundations, and
certain private foundations may deduct contributions representing up
to 50% of the donor's adjusted gross income if the individual itemizes
on his tax returns. Individuals giving to 501(c)(3) organizations that
are private foundations may generally deduct contributions
representing up to 30% of their adjusted gross income. Corporations
may deduct all contributions to 501(c)(3) organizations (regardless of
foundation status) up to an amount normally equal to 10% of their
taxable income.

Please note that we at NonProfitDonation.net do not guarantee that the organizations listed on this site have all obtained 501(c)(3) status. We have included organizations on this site that we believe have obtained 501(c)(3) status to the best of our knowledge. Before donating to an organization listed on this site, please research and verify with the organization that they have 501(c)(3) status if you wish to obtain tax exemptions for your donation.