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Old 09-08-2006, 11:36 AM   #29
Stormieweather
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Join Date: Apr 2006
Location: Floriduh
Posts: 1,181
It's not just churches that are tax exempt. Charitable organizations, scientific organizations, religious organizations, federal credit unions, private foundations, child care organizations can all apply for tax exempt status. In order to qualify, there are strict requirements which have to be met. A 501(c)(3) organization can risk it's tax exempt status if a substantial portion of its function is lobbying for legislative change. They are absolutely prohibited from any involvement with any political campaigns. Even the leaders of a 501(c)(3) organization cannot make partisan statements at any official function and are encouraged not to do so privately as well. Political organizations such as campaigns can also apply for tax exempt status, but under a different umbrella with different requirements.


Quote:
The exempt purposes set forth in IRC Section 501(c)(3) are charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, and the prevention of cruelty to children or animals. The term charitable is used in its generally accepted legal sense and includes relief of the poor, the distressed, or the underprivileged; advancement of religion; advancement of education or science; erection or maintenance of public buildings, monuments, or works; lessening the burdens of government; lessening of neighborhood tensions; elimination of prejudice and discrimination; defense of human and civil rights secured by law; and combating community deterioration and juvenile delinquency.
http://www.irs.gov/charities/charita...=96099,00.html



Stormie
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- Mahatma Gandhi

Last edited by Stormieweather; 09-08-2006 at 11:44 AM.
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