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<a accesskey="3" href="page.php?w=501%28c%29_organization&amp;p=2">3.Next</a>
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<p>A <b>501(c) organization</b> is a <a href="page.php?w=nonprofit_organization">nonprofit organization</a> in the <a href="page.php?w=Law_of_the_United_States">federal law of the United States</a> according to <a href="page.php?w=Internal_Revenue_Code">Internal Revenue Code</a> (26 U.S.C. § 501(c)). Such organizations are exempt from some <a href="page.php?w=Taxation_in_the_United_States">federal</a> <a href="page.php?w=Income_tax_in_the_United_States">income taxes</a>. Sections 503 through 505 set out the requirements for obtaining such exemptions.</p><p>
<a accesskey="3" href="page.php?w=501%28c%29_organization&amp;p=2">3.Next</a>
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