Thursday, 25 April 2013 20:29

What do you mean by other type of tax exempt organizations?

When we refer to “other types of tax exempt organizations” we are referring to certain organizations, such as business leagues, trade groups, social clubs and firefighter associations who qualify for tax exempt status but who do not qualify to be able to receive donations from donors which would be deemed a “charitable contribution” and a deduction to the individual tax payer as such. There are many types of classifications for an organization which are not exempt under section 501(c)(3) of the Internal Revenue code including, but not limited to, 501(c)(4), 501(c)(5), 501(c)(6) and 501(c)(7).

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