Which of the following not-for-profit organizations is most likely to be tax-exempt under IRC Sec. 501(c)(3)?
A) Beta Kappa Alpha Sorority.
B) Peaceful Dreams Cemetery Association.
C) Regional Association of Tree Trimmers.
D) Survivors of Breast Cancer Club.

Question

Quizplus · Accepted Answer

Survivors of Breast Cancer Club is most likely to be tax-exempt under IRC Sec. 501(c)(3) because it is a charitable organization that provides support and services to a specific group of individuals who have survived breast cancer. Beta Kappa Alpha Sorority and Regional Association of Tree Trimmers are not likely to qualify as charitable organizations under 501(c)(3), and Peaceful Dreams Cemetery Association may be classified as a cemetery company, which does not qualify for tax exemption under 501(c)(3).

Which of the Following Not-For-Profit Organizations Is Most Likely to Be