501c3 PPT
                     501c3
https://www.lotuspetalusa.org/501c3-guide/
A 501(c)(3) status refers to any 
nonprofit organization in the US 
which is exempt from federal 
income tax under Section 501(c)(3) 
of the Internal Revenue Code.  
Benefits associated with 
having this status:
• Tax Exempt Status: Being a 501(c)(3) organization provides 
several advantages, the main one being exemption from federal 
income tax obligations. This enables nonprofits to dedicate more 
resources towards fulfilling their charitable mission and initiatives.
• Eligibility for Grants and Funding: Many foundations, corporations 
and government agencies award grants and funding exclusively to 
501(c)(3) organizations - this status adds credibility and increases 
your chance of receiving support for projects and programs.
• https://www.lotuspetalusa.org/501c3-guide/
Benefits associated with 
having this status:
• Donor Tax Deductions: Donations made to 501(c)(3) organizations are eligible 
for tax deductions on charitable donations made. This incentive encourages 
both individuals and businesses to support nonprofit causes while 
simultaneously aiding fundraising initiatives.
• Public Trust and Credibility: Receiving the 501(c)(3) status indicates that an 
organization has met certain legal and operational requirements, increasing 
public trust. Donors, volunteers and partners tend to collaborate more 
readily with those that hold this designation as it gives them confidence that 
their contributions are going directly toward charitable initiatives.
• https://www.lotuspetalusa.org/501c3-guide/
Benefits associated with 
having this status:
• Eligibility for Government Contracts: Many government agencies and 
departments prefer working exclusively with 501(c)(3) nonprofit organizations 
for essential services and social programs, creating greater opportunities to 
secure contracts from these bodies and expand their reach and impact.
• Legal Protections and Benefits: 501(c)(3) organizations receive legal 
protections and benefits such as limited liability protection for directors and 
officers, exemption from certain state taxes, and sales tax exemption on 
purchases related to their charitable activities. These safeguards contribute 
significantly to their mission.
• https://www.lotuspetalusa.org/501c3-guide/