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.