A 501(c) organization, commonly known as a "nonprofit", is a tax-exempt charitable organization. Title 26 U.S.C. § 501(c) of the Internal Revenue Code provides that 29 types of nonprofit organizations are exempt from some federal income taxes.
Such organizations must be organized and operated exclusively for the qualifying exempt purpose and may not be beneficial to any private shareholder or individual.
One of the qualifying exempt purposes set forth in section 501(c)(3) is the prevention of cruelty to animals. The MSPCA is a well known example of this type of charitable organization.
Another, perhaps less familiar example is a Massachusetts based nonprofit known as Vested Interest in K-9s, Inc.. This particular organization is dedicated to providing bullet and stab protective vests for law enforcement K-9's. Rex and Gunner, shown below, are 2 of the 16 hard working K-9 officers throughout New England who will soon be receiving life saving vests thanks to this nonprofit group.
For more in depth information on forming a nonprofit visit one of our 17 Trial Court Law Library locations.