Block on Trump's Asylum Ban Upheld by Supreme Court
You hear the the tax code section "501(c)3" after identifying an organization as a "non-profit", but did you know there are actually 5 distinct types of 501(c)3 organizations? Here's a rundown of the characteristics of each of the types of non-profits and the basics you should know before filing as one of them.
- a charitable organization, usually funded by one source rather than by the public.
- generates revenue from investments (i.e. endowment, fund)
- focuses on making grants to other charitable organizations