Often times when referring to a nonprofit you will hear someone say that it is s a 501-c-3 what does this mean

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Often times when referring to a nonprofit you will hear someone say that it is s a 501-c-3 what does this mean

2006-10-27 06:58:41 · 3 answers · asked by JENNIFER B 1 in Society & Culture ➔ Etiquette

3 answers

It is a recognized non-profit, and your donations to it are tax deductable to the extent allowed by law. Usually the only time you hear it is when an organization is asking for your money.

2006-10-30 13:43:49 · answer #1 · answered by Terri 5 · 0⤊ 0⤋

I THINK it's the IRS regulation that pertains to not-for profits.
An Accountant could tell you for sure.

2006-10-27 14:06:48 · answer #2 · answered by 34th B.G. - USAAF 7 · 0⤊ 0⤋

that's the regulation code number that refers to that sort of non-profit.

2006-10-27 15:05:35 · answer #3 · answered by Baby'sMom 7 · 0⤊ 0⤋