MLchartDataset catalogue

Charitable organization

Term · Law · MLC-T-LAW-000945

An entity formed and operated exclusively for charitable, religious, educational, scientific, or literary purposes, without private inurement. Such organizations are generally exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. They must meet specific organizational and operational tests to qualify for tax-exempt status.

Table 1. Record
IdentifierMLC-T-LAW-000945
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-000945",
  "term": "Charitable organization",
  "field": "Law",
  "definition": "An entity formed and operated exclusively for charitable, religious, educational, scientific, or literary purposes, without private inurement. Such organizations are generally exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. They must meet specific organizational and operational tests to qualify for tax-exempt status.",
  "url": "https://mlchart.com/terminology/law/charitable-organization/"
}

Record 766 of 5,441 in Law terminology (MLC-0107). Request the full dataset.