During your time at N.C. State, it is guaranteed you will encounter a nonprofit organization. Whether you’re volunteering with Habitat for Humanity or camping out during Relay for Life, you’ve likely been involved with at least one of these unique organizations.
A nonprofit, or 501(c)(3), is a tax-exempt organization whose main purpose is not to garner funds for profit, but for the promotion of a specific mission.
According to the Internal Revenue Service,”The benefits of having 501(c)(3) status include exemption from federal income tax and eligibility to receive tax-deductible charitable contributions. To qualify for these benefits, most organizations must file an application with, and be recognized by, the