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A Brief Guide to Charitable Organizations

A charitable organization must pursue one or more tax-exempt purposes constituting the basis of its tax exemption [Reg. Sec.1.501(c) (3)-1(c)(1)]. The Internal Revenue Code Sec. 501(c) specifies such purposes as religious, charitable, scientific, testing for public safety, literary, or educational purposes, or to foster national or international amateur sports competition, or for the prevention of …