Advantages of a 501(c)(3) Tax Exemption Status:
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Exemption from federal and/or state corporate income taxes on nonprofit activities
* Possible exemption from state sales and property taxes (varies by state)
* Receive tax-deductible donations
* Ability to apply for grants and other public or private allocations available only to IRS-recognized, 501(c)(3) organizations
* Potentially higher thresholds before incurring federal and/or state unemployment tax liabilities
* The Public Legitimacy of IRS recognition
* Discounts on US Postal bulk-mail rates and other services