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by c22
206 days ago
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501c3 offers one narrow form of tax exempt status for a very specific type of non-profit organization with specific privileges and duties. Every organization is unique and many non-profit, tax-exempt, and even charitable organizations exist outside of that specific framework. If they're not soliciting donations from you I'm not sure why you'd care about their federal tax status. |
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Because if they appear to be a normal company but call themselves a non-profit, I want to know what that actually means to them.
Being a non-profit is generally a reason for community goodwill towards a company. Therefore being a nonprofit is attractive both to companies doing good, and charlatans seeking to capitalize on that goodwill.
If you call yourself a nonprofit but don't talk anywhere about what that means to you and why, then you look like that second option.