501(c)s: A Breakdown of the Many Types

taxThe most common 501(c) is the 501(c)3, but do you know the other types of nonprofits? Click here for a breakdown of the different 501(c)s as defined by the IRS.

With tax season, below is the IRS’s “quick check” whether you can deduct a contribution.

Deductible as Charitable Contributions Not Deductible As Charitable Contributions
Money or property you give to: Money or property you give to:
  • Churches, synagogues, temples, mosques, and other religious organizations
  • Civic leagues, social and sports clubs, labor unions, and chambers of commerce
  • Federal, state, and local governments, if your contribution is solely for public purposes
  • Foreign organizations (except certain Canadian, Israeli, and Mexican charities)
  • Nonprofit schools or hospitals
  • Groups that are run for personal profit
  • The Salvation Army, American Red Cross, CARE, Goodwill Industries, United Way, Boy Scouts of America, Girl Scouts of America, Boys and Girl Clubs of America
  • Groups whose purpose is to lobby for law changes
  • War veterans’ groups
  • Homeowners’ associations
Expenses paid for a student living with you, sponsored by a qualified organization
  • Individuals
Out of pocket expenses when you serve a qualified organization as a volunteer
  • Political groups or candidates for public office
Cost of raffle, bingo, or lottery tickets
Dues, fees, or bills paid to country clubs, lodges, fraternal orders, or similar groups
Tuition
Value of your time or services
Value of blood given to a blood bank

 

*Information for this post was collected directly from the IRS website and their publications. To read the full IRS publications about nonprofits click on the following titles: Publication 526 and Publication 557.

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