What are the various distinctions between nonprofits and charities? For instance, what is the significance of a registered 501(c)(3)?

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    Under the Internal Revenue Service (IRS), 501 (C) (3) organizations are organized or operated not for the benefit of private interests. None of the organization’s net earnings may benefit any private shareholder or individual. Read more at this link: http://www.irs.gov/charities/charitable/article/0,,id=96099,00.html
    You can find out more about the different non-profit classifications on various links within the IRS wensite as well.  

    Under the Internal Revenue Service (IRS), 501 (C) (3) organizations are organized or operated not for the benefit of private interests. None of the organization’s net earnings may benefit any private shareholder or individual. Read more at this link: http://www.irs.gov/charities/charitable/article/0,,id=96099,00.html

    You can find out more about the different non-profit classifications on various links within the IRS website as well.  

     

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