501(c)(3) organization

A 501(c)(3) organization is a type of nonprofit in the United States that operates for charitable, religious, educational, or similar purposes. These organizations are recognized by the IRS as tax-exempt, meaning they don't pay federal income tax on income related to their mission. Donations to 501(c)(3) organizations are typically tax-deductible for the donor. They must meet specific standards and adhere to rules regarding their activities and financial transparency. Examples include charities, churches, educational institutions, and health organizations working to benefit the public or a specific community.