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501(c) Organization: What They Are, Types, and Examples
501(c) is a designation under the United States Internal Revenue Code (IRC) that confers tax-exempt status on nonprofit organizations. Specifically, it identifies which nonprofit organizations are exempt from paying federal income tax. Under 501(c) are multiple sections that delineate the different types of tax-exempt organizations, according ...
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Understanding 501(c) Organizations: Types, Benefits, and Examples
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