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by RustSupremacist
26 days ago
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501(c)(3) organizations are non-profits that include charities, whereas 501(c)(6) organizations are non-profits with less strict requirements. Both are tax-exempt federally, but 501(c)(3) organizations have higher financial transparency requirements and higher restrictions on political activity (which qualifies donations to 501(c)s as tax-deductible). The Rust Foundation is a 501(c)(6) and not a 501(c)(3). The Rust Foundation would do better for the community if they were a 501(c)(3) and more transparent about finances. The Rust Foundation should change their governance structure to a 501(c)(3) instead of a 501(c)(6). |
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