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If you do not qualify under 501(c)(3), do not be concerned. You may be eligible for tax-exempt status under a different IRS code section. Other common codes include:
Labor and agricultural organizations: 501(c)(5)
Business leagues: 501(c)(6)
Social and recreational clubs: 501(c)(7)
Fraternal benefit societies: 501(c)(8)
Credit unions: 501(c)(14)
Farmer's cooperatives: 501(c)(16) and 521(a)
You can certainly prepare the 501(c)(3) application on your own. However, the application is complicated and can be tedious and time-consuming. The IRS estimates it takes 30 hours for a first-time 501(c)(3) applicant to complete the paperwork.
To learn more and speak with a representative, please call us at 888-381-8758. We are happy to answer any questions you may have.
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