2 ms·
Just skimming the regulations, I don't believe that it would qualify as a 501(c)3 as they don't receive "broad public support" [1] whereas the criteria for a 50
by bragr 3y ago
Just skimming the regulations, I don't believe that it would qualify as a 501(c)3 as they don't receive "broad public support" [1] whereas the criteria for a 501(c)6 match exactly with their goals. Additionally the (c)6 allows for political activity related to the purpose of the organization, which seems like a good ability given the current intersection of politics, regulation, and tech. [2]
I'm not sure what you mean by "incentives". Perhaps you could elaborate.
[1] https://en.wikipedia.org/wiki/501(c)(3)_organization#Types https://en.wikipedia.org/wiki/501(c)(3)_organization#Types
[2] https://en.wikipedia.org/wiki/501(c)_organization#Contributions_and_activities_2 https://en.wikipedia.org/wiki/501(c)_organization#Contributi...
- vulcan01 3y agoI started a 501(c)(3) with some friends. It didn't require broad public support, just that we intended to grow to such a point. (I'm not sure exactly what the current support is like; I left the board over a year ago. I think it's around 10 folks that donate somewhat regularly.) Certainly the political activity provision of 501(c)(6)s are beneficial for this association, and I guess they'd have more scrutiny as three large companies instead of a few high schoolers.