Demystifying the Various Tax Exemptions: 501(c)(3) vs. 501(c)(4)
Board Effect
MAY 5, 2021
IRS tax code. All 501(c)(3) organizations are required to file an IRS Form 990 every year that details the nonprofit’s activities, financial information, and governance practices. For example, they’re not allowed to share in the nonprofit’s stock or profits as is typical with for-profit corporations.
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