For tax purposes, these are nonprofit organizations which must meet certain criteria to qualify for the tax-exempt status under the Internal Revenue Code. They are also referred to by the Code section that applies to them Section 501(c)(3) organizations. A contribution to these organizations is generally tax-deductible.
a type of nonprofit that has qualified to have donations that are made to it be tax deductible as charitable donations
An institution established for the public good or to help those in need. Most charitable organizations are 501(c)(3) organizations whose income is not used for the gain of persons with an interest in the organization. Funds received by a charitable organization must be used only in support of its mission and operation. The myCFO Foundation currently only makes grants to 501(c)(3) organizations. Within that definition, the Foundation makes grants only to certain types of 501(c)(3) public charities-i.e., 509(a) (1), (2), and (3) public charities. 509(a)(1) public charities include churches, schools, hospitals and organizations that receive 1/3rd of its support from the public in the form of gifts. Section 509(a)(2) public charities are those that receive 1/3rd of their support from service fees and gifts. Section 509(a)(3) public charities are supporting organizations-organizations that have a significant relationship with one or more of the public charities mentioned above in Sections 509(a)(1) and (2).
An organization that operates exclusively for the benefit of the community by supporting causes such as religion, education, assistance to the government, promotion of health, relief of poverty or distress, or other charitable purposes. Generally exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code and eligible to receive tax-deductible charitable gifts. Gospel for Asia is a charitable organization.
an organization that is eligible to receive charitable donations and is tax-exempt under federal tax law.
In the Model Solicitations Act (1986), "Charitable organization" means: (1) any person determined by the IRS to be a tax exempt organization pursuant to section 501(c)(3) of the Internal Revenue Code; or (2) any person who is or holds himself out to be established for any benevolent, educational, philanthropic, humane, scientific, patriotic, social welfare or advocacy, public health, environmental conservation, civic or other eleemosynary purpose or for the benefit of law enforcement personnel, firefighters, or other persons who protect the public safety, or any person who in any manner employs a charitable appeal as the basis of any solicitation or an appeal which has a tendency to suggest there is a charitable purpose to any such solicitation.
An institution established for the public good or to help the needy. Most charitable organizations are considered exempt organizations by the Internal Revenue Service.
A charitable organization (also known as a charity) is a trust, company or unincorporated association established for charitable purposes only. (Trusts or bodies established partly for charitable purposes are sometimes considered as, or treated as, charities: this is a matter of definition.)
