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501(c)(3) organizations fall into one of three primary categories: public charities, private foundations, and private operating foundations. Public charity. Public charities are what most people recognize as those organizations with active programs.

The IRS maintains an ?Exempt Organizations Select Check Tool? (available at ), which enables a user to search for organizations to determine their eligibility to receive tax-deductible charitable contributions.

Examples include churches, benevolence organizations, animal welfare agencies, educational organizations, etc. They usually receive a substantial portion of its revenue from the general public or from government.

501(c)(3) organizations are nonprofit groups with a dedicated mission. Most people are familiar with them as churches and charities, but they also include private foundations. As long as they operate to support their mission, they receive favorable tax treatment, such as avoiding federal income and unemployment taxes.

Ing to the IRS' compliance guide for 501(c)(3) nonprofits, "An exempt organization that is required to file an annual return must report name, address, and structural and operational changes on its return." That means if you change your bylaws, you have to let the IRS know on your next annual report (990).

Exemption Requirements - 501(c)(3) Organizations To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual.