Demystifying the Various Tax Exemptions: 501(c)(3) vs. 501(c)(4)
Board Effect
MAY 5, 2021
Both designations fall under the umbrella of nonprofit organizations, and these classifications are only 2 of the 29 different types of nonprofits that fall under the U.S. IRS tax code. Members are limited to employees of a designated employer within a particular location. 501(c)(7) Social and recreational clubs.
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