Public Charity: Public Support Tests Part I: 509(a)(1)

A 501(c)(3) organization is presumed to be a private foundation unless it qualifies as a public charity. As discussed in a previous post¬†and on our short YouTube clip,¬†public charity classification is generally far more advantageous due to the burdensome rules and restrictions applicable to private foundations. Most 501(c)(3) organizations qualify as public charities under Section […]

Public Support Tests – Public Charities

You'll find a discussion of the general advantages of classification as a public charity rather than a private foundation in a January 1, 2005 post.  This post will discuss how charitable organizations receive recognition as a public charity under IRC Section 509(a)(1). Background: All 501(c)(3) organizations are categorized as private foundations unless they fall into […]