What Is the Principle Advantage of Obtaining Section 501(c)3 Status

question 92

Multiple Choice

What is the principle advantage of obtaining section 501(c) 3 status?

• A) The charitable organization is permitted to engage in a trade or business unrelated to its mission without having to pay income taxes.
• B) Donors to the charitable organization are permitted to deduct contributions to the organization in computing their income taxes.
• C) Both (a) and (b) above.
• D) Neither (a) nor (b) above.