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A 501(c)(3) organization is a United States corporation, trust, unincorporated association or other type of organization exempt from federal income tax under section 501(c)(3) of Title 26 of the United States Code. It is one of the 29 types of 501(c) nonprofit organizations [1] in the US.
A 501(c) organization is a nonprofit organization in the federal law of the United States according to Internal Revenue Code (26 U.S.C. § 501(c)). Such organizations are exempt from some federal income taxes. Sections 503 through 505 set out the requirements for obtaining such exemptions.
Association of Governing Boards of Universities and Colleges; Association of Independent Colleges and Universities of Pennsylvania; Association of Independent Schools of Greater Washington; Association of Leaders in Volunteer Engagement; Association of Performing Arts Professionals; Association of Prosecuting Attorneys
In a non-profit corporation, the "agency problem" is even more difficult than in the for-profit sector, because the management of a non-profit is not even theoretically subject to removal by the charitable beneficiaries. The board of directors of most charities is self-perpetuating, with new members chosen by vote of the existing members.
The National Collegiate Athletic Association (NCAA) [b] is a nonprofit organization that regulates student athletics among about 1,100 schools in the United States, and 1 in Canada. [3] It also organizes the athletic programs of colleges and helps over 500,000 college student athletes who compete annually in college sports. [3]
The National Association of Independent Schools (NAIS) is a U.S.-based membership organization for private, nonprofit, K-12 schools.Founded in 1962, NAIS represents independent schools and associations in the United States, including day, boarding, and day/boarding schools; elementary and secondary schools; boys', girls', and coeducational schools.
Charters can be run as either non-profit or for-profit institutions. However, there are some for-profit management organizations that hold charters, though these are only allowed in Arizona. [3] Only non-profit charters can receive donations from private sources, just the same as traditional public schools. [4]
Citizen Schools is an American nonprofit organization that partners with middle schools across the United States to expand the learning day for children in low-income communities. Its stated mission is "educating children and strengthening communities". [ 1 ]