Whois & Analysis for 501c3.org

The Internal Revenue Service (IRS) is the revenue service of the United States federal government.

The government agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue, who is appointed for a five year term by the President of the United States.

The IRS is responsible for collecting taxes and administering the Internal Revenue Code, the federal statutory tax law of the U.S. Its duty to maximize tax revenue entails providing tax assistance to taxpayers, as well as pursuing and resolving instances of erroneous or fraudulent tax filings.

The IRS has also overseen various benefits programs, and enforces portions of the Affordable Care Act.

Tax exemption refers to a monetary exemption which reduces taxable income.

Tax exempt status can provide complete relief from taxes, reduced rates, or tax on only a portion of items.

Examples include exemption of charitable organizations from property taxes and income taxes, veterans, and certain cross-border or multi-jurisdictional scenarios.

Form 990 (officially, the "Return of Organization Exempt From Income Tax") is a United States Internal Revenue Service form that provides the public with financial information about a nonprofit organization.

It is often the only source of such information.

It is also used by government agencies to prevent organizations from abusing their tax-exempt status.

Certain nonprofits have more comprehensive reporting requirements, such as hospitals and other health care organizations (Schedule H).

A nonprofit organization (also known as a non-business entity) is an organization whose purpose is something other than making a profit.

A nonprofit organization is often dedicated to furthering a particular social cause or advocating for a particular point of view.

In economic terms, a nonprofit organization uses its surplus revenues to further achieve its purpose or mission, rather than distributing its surplus income to the organization's shareholders (or equivalents) as profit or dividends.

This is known as the non-distribution constraint.

The decision to adopt a nonprofit legal structure is one that will often have taxation implications, particularly where the nonprofit seeks income tax exemption, charitable status and so on.

A 501(c)(3) or 501c3 organization is the most common type of the 29 types of 501(c) nonprofit organization in the United States.

Most charitable non-profits in the United States that Americans commonly know of, and often make donations to, are 501(c)(3) organizations, ranging from charitable foundations to universities and churches.

These organizations must be approved by the Internal Revenue Service to be tax-exempt under the terms of section 501(c)(3) of the Internal Revenue Code.