What is a 501(c)(3) nonprofit?

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What is a 501(c)(3) nonprofit?

501(c)(3) nonprofits are charitable organizations that operate in the public interest and have been granted tax-exempt status from the federal government. 501(c)(3)s do not pay federal income tax and people who contribute to these organizations can often receive deductions on their federal income tax.

If you’re interested in starting a nonprofit organization, check out the National Council on Foundations how-to advice.