501(c)(3) vs. 501(c)(4): Differences, Pros and Cons
What's the difference between a 501(c)(3) and a 501(c)(4)?
CNN Underscored says, "choosing between a 501(c)(3) and a 501(c)(4) depends on your organization’s primary goals and activities."
Is the organization a charitable, education, or religious organization dependent on on tax-deductible donations? Or does the organization engage in significant lobbying or political activities?
“Some organizations use both kinds of structures to take advantage of the benefits of each,” noted Ethics Center Fellow, Joan Harrington.
Joan Harrington, fellow, quoted by CNN Underscored.
Aug 28, 2024