What Is a 501c3 Organization?

Answer

A 501(c) (3) organisation is a non-profit corporation that has been exempted from federal tax according to the US Internal Revenue Code managed by the Department of Treasury. Examples of such organisations are public charities, private foundations and private operating foundations.
Q&A Related to "What Is a 501c3 Organization"
A 501(c)3) organization can be classified as a public charity, which derives at least one third of its income from a wide base of public or government funding, or a private foundation
http://www.ehow.com/facts_5764091_501-organization...
A 501c3 is a non-profit organization.
http://wiki.answers.com/Q/What_is_a_501c3
A 501C3 Non-Profit Organization is an organization that has exempti...
http://www.chacha.com/question/what-does-a-501-c3-...
It appears that this is your first form 990. For, if you wanted to change your accounting method you would need to get approval from the IRS for the change. I suggest that you read
http://en.allexperts.com/q/Nonprofit-Law-2266/2010...
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Ask.com Answer for: what is a 501c3 organization
What Is a 501 C 3 Organization?
A 501(c)(3) organization is a charity or public service entity that qualifies for tax exemption under Internal Revenue Code Section 501(c)(3).... More »
Difficulty: Easy
Source: www.ehow.com
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