501 c3 Definition
There are many kinds of tax-exempt organizations, however, the 501c3 is the most common. It is the United States legal code number that creates space for federally tax-exempt charities. Charities are typically nonprofits that have fundraising events and largely depend on donations to fulfill their mission. They might include:
Hospitals
Religious organizations
Scientific, literary or educational charities
Charities for amateur sports
Testing for public safety (e.g. crash dummies)
Charities involving cruelty to children, women, and animals https://www.bookstime.com/articles/501-c3-donors
What is a "501 C3"?
501 c3 Definition There are many kinds of tax-exempt organizations, however, the 501c3 is the most common. It is the United States legal code number that creates space for federally tax-exempt charities. Charities are typically nonprofits that have fundraising events and largely depend on donations to fulfill their mission. They might include:
Hospitals Religious organizations Scientific, literary or educational charities Charities for amateur sports Testing for public safety (e.g. crash dummies) Charities involving cruelty to children, women, and animals https://www.bookstime.com/articles/501-c3-donors
Thanks, frens. I understand now. Can we create a 501c to provide free euthanasia for politicians?
I dont know what the 3 means but a 501c is a non profit/charitable tax designation.