501C 3

Filing for 501(C)(3) status requires time and organization. One of the first steps would be deciding what kind of organization you want to run and whether it will be a private or public organization. Choose an issue that is important to you or something that is a matter of public interest. Such issues may include arts , charities , education, politics , religion , research or some other non-commercial endeavor.

The benefits of a 501(C)(3) exemption status can be:

Exemption from federal and/or state corporate income taxes.

Possible exemption from state sales and property taxes (varies by state).

Ability to apply for grants and other public or private allocations available

only to IRS- recognized, 501(C)(3) organizations.

Potentially higher thresholds before incurring federal and/or

state unemployment tax liabilities.

The public legitimacy of IRS recognition.

Discounts on US Postal bulk-mail rates and other services.

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