501 (c) organization
501 (c) organization (short: 501 (c) ) denotes 28 types of a US nonprofit corporation or association , i.e. a non-profit corporation.
status
These organizations or associations are partially exempt from income tax. The status is awarded by the Internal Revenue Service upon application and is tied to the publication of some financial documents and a restriction of political activities . The name and rights refer to Section 501 Title 26 subsection (c) United States Code (USC 26 Section 501 (c) for short).
Types
| Type | Original designation | German name / declaration |
|---|---|---|
| 501 (c) (1) | Corporations Organized Under Act of Congress (including Federal Credit Unions ) | These are companies that are tax-exempt under a separate law of Congress . This also includes the Federal Credit Unions, which are certain cooperative banks. |
| 501 (c) (2) | Title Holding Corporation for Exempt Organization | These are holdings the sole purpose of which is to hold assets and to pass the resulting income, minus its own expenses, on to another organization that falls under IRC 501 (a). |
| 501 (c) (3) | Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations | Non-profit organizations promoting religion, education, social causes, science, the arts, sports, child welfare, and animal welfare; see also Johnson Amendment |
| 501 (c) (4) | Civic Leagues, Social Welfare Organizations, and Local Associations of Employees | Civic Leagues are non-profit organizations that deal with policy-related issues such as the transparency and effectiveness of public administration, equality between women and minorities, etc. The National Civic League is well known . Social Welfare Organizations are non-profit making organizations. Associations of Employees are employee associations. For the qualification according to 501 (c) (4) it is essential that the organizations concerned do not exclusively pursue the interests of their members. This is e.g. B. with homeowners associations, political support organizations or veterans associations essential. |
| 501 (c) (5) | Labor, Agricultural, and Horticultural Organizations | |
| 501 (c) (6) | Business Leagues, Chambers of Commerce, Real Estate Boards etc. | |
| 501 (c) (7) | Social and Recreational Clubs | |
| 501 (c) (8) | Fraternal Beneficiary Societies and Associations | |
| 501 (c) (9) | Voluntary Employee Beneficiary Associations | |
| 501 (c) (10) | Domestic Fraternal Societies and Associations | |
| 501 (c) (11) | Teachers' Retirement Fund Associations | |
| 501 (c) (12) | Benevolent Life Insurance Associations, Mutual Ditch or Irrigation Companies, Mutual or Cooperative Telephone Companies etc. | |
| 501 (c) (13) | Cemetery Companies | |
| 501 (c) (14) | State-Chartered Credit Unions , Mutual Reserve Funds | |
| 501 (c) (15) | Mutual Insurance Companies or Associations | |
| 501 (c) (16) | Cooperative Organizations to Finance Crop Operations | |
| 501 (c) (17) | Supplemental Unemployment Benefit Trusts | |
| 501 (c) (18) | Employee Funded Pension Trust (created before June 25, 1959) | |
| 501 (c) (19) | Post or Organization of Past or Present Members of the Armed Forces | |
| 501 (c) (21) | Black lung benefit trusts | |
| 501 (c) (22) | Withdrawal Liability Payment Fund | |
| 501 (c) (23) | Veterans Organization (created before 1880) | |
| 501 (c) (25) | Title Holding Corporations or Trusts with Multiple Parents | |
| 501 (c) (26) | State-Sponsored Organization Providing Health Coverage for High-Risk Individuals | |
| 501 (c) (27) | State-Sponsored Workers' Compensation Reinsurance Organization | |
| 501 (c) (28) | National Railroad Retirement Investment Trust |
Web links
Wikisource: USC 26 § 501 - Sources and full texts (English)
- IRS list of charities eligible to receive deductible contributions search or download . Internal Revenue Service. Retrieved May 10, 2012.
- IRS Publication 557 (PDF; 1.7 MB) Internal Revenue Service. Retrieved May 10, 2012. Publication 557 governs 501 (c) organizations.
- Historical data regarding the number of 501 (c) organizations in the US . Data 360.Retrieved May 10, 2012.
- Number, Finances and other data on 501 (c) organizations . National Center for Charitable Statistics . Retrieved May 10, 2012.
Individual evidence
- ↑ irs.gov (PDF)
- ↑ Internal Revenue Manual - 4.76.13 Civic Leagues, Social Welfare Organizations, and Local Association of Employees - IRC 501 (c) (4) . irs.gov. Retrieved January 18, 2014.