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There are a number of terms that people often use interchangeably: nonprofit, charity, tax-exempt organization, and 501(c)(3). In reality, an organization could be one of those, all of those, or somewhere in between. The terms do not necessarily mean the same thing. So... what is a 501(c)(3) nonprofit?
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📱 Check out our video series on the “other” nonprofits:
•What is a 501(c)(4) Nonprofit Organization?
• What Is A 501(c)(4) No...
•What is a 501(c)(6) Nonprofit Organization?
• What Is A 501(c)(6) No...
•What is a 501(c)(7) Nonprofit Organization?
• What Is A 501(c)(7) No...
❓ What is the difference between a Public Charity, a Private Foundation, and a Private Operating Foundation?
• • Public Charity vs. Pri...
0:00 Introduction
0:50 The Basics of a 501(c)(3) Nonprofit Organization
1:30 Benefits of 501(c)(3) Status
2:20 Purpose Limitations of a 501(c)(3)
2:41 Religious
2:55 Scientific Research
3:15 Testing for Public Safety
3:48 Literary
4:04 Educational
4:24 Fostering National and International Amateur Sports
5:02 Prevention of Cruelty to Animals and Children
5:28 Charitable
5:56 Qualifying Entities
6:25 Types of 501(c)(3) Organizations
7:18 Restrictions of Activities
8:08 Conclusion