Glossary

A 501(C)(3) non-profit registration is the process by which organizations seek tax-exempt status from the Internal Revenue Service [I.R.S.]. 

Nonprofit organizations serve as vital resources for addressing social issues, supporting research, and aiding those in need. These organizations focus on a specific cause or group of people, aiming to positively impact society and improve the lives of individuals and communities. 

• A 501(C)(3) non-profit designation allows organizations to be exempt from paying federal income tax and, in some cases, state and local taxes, which can help enhance considerable funds for the non-profit cause. 

• A 501(C)(3) non-profit registration also allows donors to make tax-deductible contributions to an organization, making it more appealing for individuals and entities to donate. 

• From the stakeholders' perspective, obtaining a registered 501(C)(3) non-profit status also gives an organization a sense of credibility, which can help attract more support and resources.