types of 501(c) designations: 501(c)(3) - Charitable Organizations: This category includes organizations established for religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and the prevention of cruelty to children or animals. Donors to these organizations can typically deduct their contributions on their taxes. 501(c)(4) - Social Welfare Organizations: These are civic leagues and other organizations operated exclusively for the promotion of social welfare. They can engage in lobbying and some political activities, provided that's not their primary activity. 501(c)(5) - Labor, Agricultural, and Horticultural Organizations: Organizations in this category include labor unions, agricultural, and horticultural organizations. 501(c)(6) - Business Leagues: This encompasses chambers of commerce, real estate boards, and boards of trade. 501(c)(7) - Social and Recreational Clubs: These are membership clubs organized for pleasure, recreation, and other nonprofit purposes. 501(c)(8) - Fraternal Beneficiary Societies: These are organizations and associations that operate under the lodge system and provide for the payment of life, sickness, accident, or other benefits to their members. 501(c)(9) - Voluntary Employee Beneficiary Associations (VEBA): These organizations provide for the payment of life, sickness, accident, or other benefits to members. 501(c)(10) - Domestic Fraternal Societies: Like 501(c)(8), but they use their net earnings exclusively for charitable purposes. 501(c)(13) - Cemetery Companies: These are organizations established for the exclusive purpose of the burial or cremation of deceased humans. 501(c)(19) - Post or Organization of Past or Present Members of the Armed Forces.

Leave a Reply

Your email address will not be published. Required fields are marked *