501c3 charitable organization

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A 501(c)(3) organization is a nonprofit corporation recognized by the IRS as tax-exempt for charitable purposes. It allows for donations to be tax-deductible. To start a 501(c)(3) nonprofit, follow steps like forming a board, drafting bylaws, obtaining an EIN, filing Form 1023, and meeting IRS guidelines. A 501(c)(3) status signifies a commitment to public service.

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