What is a 501c3?
What is 501(c)(3)?
To be tax-exempt under section 501(c)(3) of the Internal Revenue
Code, an organization must be organized and operated
exclusively for exempt purposes set forth in section 501(c)(3), and
none of its earnings may inure to any private shareholder or
individual. In addition, it may not be an action organization,
i.e., it may not attempt to influence legislation as a substantial
part of its activities and it may not participate in any campaign
activity for or against political candidates.
Organizations described in section 501(c)(3) are commonly
referred to as charitable organizations. Organizations described in
section 501(c)(3), other than testing for public safety
organizations, are eligible to receive tax-deductible contributions
in accordance with Code section 170.
The organization must not be organized or operated for the
benefit of private interests, and no part of a section 501(c)(3)
organization's net earnings may inure to the benefit of any private
shareholder or individual. If the organization engages in an excess
benefit transaction with a person having substantial influence over
the organization, an excise tax may be imposed on the person and
any organization managers agreeing to the transaction.
Section 501(c)(3) organizations are restricted in how much
political and legislative (lobbying) activities they may
Home Fur Good has been officially registered and approved as a
What Does This Mean To You?
Donations you make to HFG may be tax deductible for you. We will
give you a receipt for any donations you generously give but you
should always consult an account to determine if that donation is