Re:IMF: Largest driver of EU inflation is corporate profits
by FireBeyond on Monday June 26, 2023 @06:00PM
(#36486463)
> It's important at to say that the organization that funded these events was 501(c)(3) aka "non-profit" and we therefore were trying to minimize costs.
Were they actually a charitable organization, or a non-profit? Because those are not the same.
The Firefighters Association at my fire department held a 501(c)(3) for years, but were not inherently meant to be (because although we didn't solicit outside donations, and did do community service/donations, we also used association funds to do things like member events).
Quoth the IRS, Publication 557:
Purposes deemed to be eligible:
- Religious
- Charitable
- Scientific
- Testing for public safety
- Literary
- Educational
- Fostering of national or international amateur sports, and
Were they actually a charitable organization, or a non-profit? Because those are not the same.
The Firefighters Association at my fire department held a 501(c)(3) for years, but were not inherently meant to be (because although we didn't solicit outside donations, and did do community service/donations, we also used association funds to do things like member events).
Quoth the IRS, Publication 557:
Purposes deemed to be eligible: - Religious
- Charitable
- Scientific
- Testing for public safety
- Literary
- Educational
- Fostering of national or international amateur sports, and
- Prevention of cruelty to animals and children