Comment

Suspect in Seal Beach Shooting: a Tea Party Supporter?

62
boxhead10/12/2011 9:47:46 pm PDT

re: #57 makeitstop

I noticed this:

Anyone know the difference between a 501 (c) (3) and a 501 (c) (4)?

en.wikipedia.org

wikipedia is your friend

501(c)(4) organizations are generally civic leagues and other corporations operated exclusively for the promotion of social welfare, or local associations of employees with membership limited to a designated company or people in a particular municipality or neighborhood, and with net earnings devoted exclusively to charitable, educational, or recreational purposes.[28] 501(c)(4) organizations may lobby for legislation, and unlike 501(c)(3) organizations they may also participate in political campaigns and elections, as long as campaigning is not the organization’s primary purpose.[29] The tax exemption for 501(c)(4) organizations applies to most of their operations, but contributions may be subject to gift tax, and income spent on political activities - generally the advocacy of a particular candidate in an election - is taxable.[30]