What is a 501 C 3?

501(c) is a specific section of the IRS tax code that explains the tax exemptions for non profit businesses. 501(c)3 is a specific type of non profit and includes some of the most common types of non profits, such as arts organizations, charities and education associations. The IRS requires businesses to apply for this status and the qualifications are strict to ensure honesty and fairness. Look here for more information: