A not-for-profit organization must meet the requirements of ________ of the U.S. Internal Revenue Service tax code.
A) Section 501(c)(3)
B) Section 301(d)(4)
C) Section 503(c)(4)
D) Section 401(c)(3)
E) Section 403(d)(4)

Question

Quizplus · Accepted Answer

Section 501(c)(3) of the U.S. Internal Revenue Service tax code outlines the requirements for organizations to be eligible for tax exemptions as a charitable organization. This includes not-for-profit organizations that operate exclusively for religious, charitable, scientific, literary, or educational purposes.

A Not-For-Profit Organization Must Meet the Requirements of ________ of the U.S