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Marathon Development, Inc.
 

Exemption Requirements:
Section 501(c)(3) Organizations

Please contact your Tax Professional to discuss exemption requirements for Section 501(c)(3), general information is as follows:

  • To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual.

  • Organizations described in section 501(c)(3) are commonly referred to as charitable organizations. Organizations described in section 501(c)(3), are eligible to receive tax-deductible contributions in accordance with Code section 170.

  • The organization must not be organized or operated for the benefit of private interests, and no part of a section 501(c)(3) organization's net earnings may inure to the benefit of any private shareholder or individual.
 
 

Specializing in Senior Housing for Profit and Non-Profit Organizations
Providing Real Estate Development & Consulting Services Nationwide

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