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501(c)(3) designation for a NPO

Can you describe at least two strengths and two limitations of obtaining 501(c) (3) designation for a NPO? Would you provide specifics please?

Also can you explain whether or not 501(c) (3) status would have an overall benefit for an NPO and why?
References please. Thanks for your thoughts

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Hope this helps- please let me know if you have questions

Can you describe at least two strengths and two limitations of obtaining 501(c) (3) designation for a NPO? Would you provide specifics please
Also can you explain whether or not 501(c) (3) status would have an overall benefit for an NPO and why.
References please? Thanks for your thoughts

By obtaining a 501(c) (3) designation for a non-profit organization, the organization is able to gain greater legitimacy and also, donors are able to make tax-free donations. A 501 (c)(3) designation shows that the non-profit organization is more permanent, the individuals involved have taken the time to jump through the various bureaucratic hoops to verify ...

Solution Summary

This detailed solution discusses two strengths and two limitations of obtaining 501(c)(3) designation for a NPO. And explains whether or not 501(c)(3) status has an overall benefit for an NPO and why. Includes APA formatted references.

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