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501(c)(3)
A section of the U.S. Internal Revenue Code that provides a tax-exempt status to nonprofit organizations that are charitable, religious, educational, scientific, or literary in nature.
501(c)(4) Organizations
Nonprofit groups recognized under the U.S. tax code as "social welfare" organizations, permitted to engage in advocacy and lobbying efforts to a certain extent.
Benefit Corporations
A type of for-profit corporate entity, legislated in many U.S. states, that includes positive impact on society, workers, the community, and the environment in addition to profit as its legally defined goals.
For-Profit Corporations
Business entities that operate with the primary goal of earning profits for their shareholders, differentiating from non-profit organizations.
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