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... legislative activity, and
a statement that the organization will distribute its assets to another 501(c) ... The most common federal tax exemption comes from Section 501(c)(3) of the Internal Revenue Code. ... For more details, see How to Form a 501(c)(3) Nonprofit Corporation. ... This allows you to basically ride on its 501(c)(3) coattails, while it initially handles any money you ... Code, which is why nonprofits are sometimes called 501(c)(3) corporations. ...