Definition from Nolo’s Plain-English Law Dictionary
A nonprofit organization created and operated for purposes that benefit the public interest, such as educational, scientific, religious and artistic purposes. Charitable organizations that meet the requirements of Internal Revenue Code 501(c)(3) are exempt from federal income tax and are eligible to receive tax deductible charitable contributions.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:12 pm