What does a 501(c)(3) Organization mean?

Refers to Title 26, Section 501(c)(3) of the U.S. federal code that defines charitable organizations that are exempt from paying taxes.

There are three (3) main conditions to qualify as a 501(c)(3) organization:

1. None of the owners may accept any of the organization’s profits;
2. It cannot push a political message; and
3. Must operate for any of the following purposes:
   1. Religious;
   2. Charitable;
   3. Scientific;
   4. Testing for public safety;
   5. Literary or educational purposes;
   6. To foster national or international amateur sports competition (but only if no part of its activities involve the provision of athletic facilities or equipment);  or
   7. For the prevention of cruelty to children or animals.