10 Of The Richest Tax Exempt Organizations
The overwhelming majority of these are called 501(c)(3) organizations, after the section of that IRS code that exempts them from taxation. The rules to achieve and maintain 501(c)(3) status—or any of the more than two dozen other 501 sub-statuses—are complicated and convoluted. Generally, these organizations should not exist for the purpose of enriching themselves or their shareholders, they should not be political in nature, and they should be charitable or contribute to social welfare....