What are differences of non-profit and 501c3?
Amy Hutchens ∙ August 12, 2019
Non-profit is a broad term that covers several different types of organizations that are recognized by the Internal Revenue Service. A 501(c)3 is one of those organizations. Specifically it has 1. an exempt purpose (like educational, religious, preventing cruelty to animals, promotion of amateur sports, etc.) 2. no money can benefit a private individual and 3. the purpose is not to influence legislation (lobbying). There are many other types of non-profits such as social clubs, trade organizations and employee pensions, to name a few. ATTORNEY ADVERTISEMENT. The choice of a lawyer is an important decision and should not be based solely upon advertisements. Amy Hutchens' offices are located in Kansas City, Missouri. Ms. Hutchens is licensed to practice law in the state of Kansas and Missouri and her comments may only apply in those states. If your question applies to a different state you should check with an attorney in that state. The information is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Answering this question does not in any way constitute legal representation and any information you provide is not protected by attorney-client privilege.
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