Internal Revenue Code (IRC) Section 501(c)(3)

Below is the text from the U.S. Internal Revenue Code, Section 501(c)(3), which defines organizations eligible for tax-exempt status:

Organizations described in section 501(c)(3) are commonly referred to as charitable organizations. To qualify for tax-exempt status, an organization must meet the following requirements:

1. Exempt Purposes
   The organization must be organized and operated exclusively for one or more of the following purposes:
   • Charitable
   • Religious
   • Educational
   • Scientific
   • Literary
   • Testing for public safety
   • Fostering national or international amateur sports competition (but only if no part of its activities involve providing athletic facilities or equipment)
   • Preventing cruelty to children or animals
2. No Inurement
   No part of the organization’s net earnings may inure to the benefit of any private shareholder or individual.
3. Lobbying Limitations
   The organization may not attempt to influence legislation as a substantial part of its activities.
4. Political Campaign Activity
   The organization must not participate in, or intervene in (including the publishing or distribution of statements), any political campaign on behalf of (or in opposition to) any candidate for public office.
5. Activities Consistent with Exempt Purposes
   The organization’s activities must further its exempt purposes.

For further guidance or more details, it’s advised to refer directly to the IRS website or consult a tax professional.