0047. Which of the following statements are true of a 501(c)(3) non-profit organization?

  1. Donations are tax deductible
  2. Donations are not tax deductible
  3. Does not have share holders
  4. Purpose of organization must be in the public interest
  5. May engage in advocacy work (e.g., promoting political positions)
  6. Could be a trade organizations like the Chamber of Commerce
A. 1, 3, 5 B. 2, 3, 6 C. 1, 3, 4 D. 2, 3, 4 E. All of the above


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