A church that is exempt under § 501(c)(3)cannot be classified as a private foundation.

Name: A church that is exempt under § 501(c)(3)cannot be classified as a private foundation.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

As per the IRS regulations, a church that is recognized as tax-exempt under § 501(c)(3) cannot be a private foundation. Churches are automatically classified as public charities or religious organizations and are not subject to the same rules and restrictions as private foundations.

A Church That Is Exempt Under § 501(c)(3)cannot Be Classified