Which 501 (c) are You?
To be a charity or not to be a charity? That is our question.
The IRS regulates revenue from individuals and other entities in the United States. This gives them the authority to also oversee which entities are exempt from taxes. Most Americans probably think there are only two kinds of organizations, taxed and tax-exempt. Well, it’s more complicated than that.
Section 501 of the code governing tax-exempt organizations lays out many types of 501 (c) organizations. You might be surprised at the variety. See the chart from the IRS below.