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Which of the following is true of hyperlocalism?
Internal Revenue Code
The Internal Revenue Code is the comprehensive set of tax laws created by the United States federal government, overseeing federal tax obligations.
501(c)(3) Status
A tax designation in the United States for nonprofit organizations that exempts them from federal income taxes, pertaining to charitable, religious, educational, or scientific purposes.
Tax-Exempt
Income or transactions that are legally exempt from tax by the government, including certain types of bonds and nonprofit organization earnings.
Not-For-Profit Entity
A not-for-profit entity is an organization that operates for charitable, educational, or social purposes rather than generating profit for shareholders or owners.
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