Starting a Nonprofit: What is “Charitable” under 501(c)(3)?

A “charitable” purpose is one of the seven exempt purposes specified in Section 501(c)(3) of the Internal Revenue Code (the “Code”). According to the Treasury Regulations, the term charitable is to be interpreted in its generally accepted legal sense and includes, but is not limited to: Relief of the poor, distressed or underprivileged; Advancement of […]