What purposes are valid for a nonprofit?
To qualify for federal tax-exempt status, the nonprofit corporation must be organized and operate for some religious, charitable, educational, literary, or scientific purpose permitted under 501(c)(3) of the tax code. The religious category refers to general types of religious organizations and more formal institutionalized churches. Charitable purpose is defined in section 501(c)(3) as providing services beneficial to the public interest. Scientific research that is carried on in the public interest qualifies for tax-exempt status; however, research incidental to commercial or industrial operations does not qualify. The literary purpose includes writing, publishing and distribution of books which are directed toward promoting the public interest rather than engaging in commercial book writing and selling. The educational purpose is a broad purpose that allows instruction for both self-development and the benefit of the community. The purpose must be listed in the articles of incorpora
Under section 501(c)(3) of the Federal Tax Code for tax exempt status, a nonprofit corporation must be organized and operate for some religious, charitable, educational, literary, or scientific purpose (defined below) permitted under this code. The Company Corporation will prepare your nonprofit articles of incorporation pursuant to section 501(c)(3) of the IRS code. A nonprofit corporation may also be formed for other purposes pursuant to different sections of the IRS code. In order to qualify for federal tax-exempt status as a nonprofit under a different section of the code, your corporation must comply with the specific requirements of that federal tax code section. If you would like The Company Corporation to prepare your nonprofit pursuant to a different code of the IRS provision, please let us know at the time of placing your order.
To qualify for federal tax-exempt status under 501(c)(3) of the federal tax code, the nonprofit corporation must be organized and operate for some religious, charitable, educational, literary, or scientific purpose permitted under this section of the code. Nonprofit corporations may also be formed for other purposes pursuant to different sections of the IRS code. To qualify for federal tax-exempt status as a nonprofit under a different section of the code, your corporation must comply with the requirements of that federal tax code section. The religious category refers to general types of religious organizations and more formal institutionalized churches. Charitable purpose is defined in section 501(c)(3) as providing services beneficial to the public interest. Scientific research that is carried on in the public interest qualifies for tax-exempt status; however, research incidental to commercial or industrial operations does not qualify. The literary purpose includes writing, publishi
To qualify for federal tax-exempt status under 501(c)(3) of the federal tax code, the nonprofit corporation must be organized and operate for some religious, charitable, educational, literary, or scientific purpose permitted under this section of the code. Nonprofit corporations may also be formed for other purposes pursuant to different sections of the IRS code. To qualify for federal tax-exempt status as a nonprofit under a different section of the code, your corporation must comply with the requirements of that federal tax code section. The religious category refers to general types of religious organizations and more formal institutionalized churches. Charitable purpose is defined in section 501(c)(3)as providing services beneficial to the public interest. Scientific research that is carried on in the public interest qualifies for tax-exempt status; however, research incidental to commercial or industrial operations does not qualify. The literary purpose includes writing, publishin
December 31, 2004 9:05 PM To qualify for federal tax-exempt status under 501(c)(3) of the federal tax code, the nonprofit corporation must be organized and operate for some religious, charitable, educational, literary, or scientific purpose permitted under this section of the code. Nonprofit corporations may also be formed for other purposes pursuant to different sections of the IRS code. To qualify for federal tax-exempt status as a nonprofit under a different section of the code, your corporation must comply with the requirements of that federal tax code section The religious category refers to general types of religious organizations and more formal institutionalized churches. Charitable purpose is defined in section 501(c)(3) as providing services beneficial to the public interest. Scientific research that is carried on in the public interest qualifies for tax-exempt status; however, research incidental to commercial or industrial operations does not qualify. The literary purpose i
