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0047. Which of the following statements are true of a 501(c)(3) non-profit organization?
- Donations are tax deductible
- Donations are not tax deductible
- Does not have share holders
- Purpose of organization must be in the public interest
- May engage in advocacy work (e.g., promoting political positions)
- 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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