From everyone at Feeding Villages, we are so pleased to announce our 501(c)(3) status by the IRS. This has been a long process, but we are glad to be where we are today!
Being “501(c)(3)” means that a particular nonprofit organization has been approved by the Internal Revenue Service as a tax-exempt, charitable organization. “Charitable” is broadly defined as being established for purposes that are religious, educational, charitable, scientific, literary, testing for public safety, fostering of national or international amateur sports, or prevention of cruelty to animals and children.
One of the primary benefits of being tax-exempt under IRC Section 501(c)(3) is the ability to accept contributions and donations that are tax-deductible to the donor.
Additional benefits include, but are not limited to:
* Exemption from federal and/or state corporate income taxes
* Possible exemption from state sales and property taxes (varies by state)
* 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
In short, this means that more of your dollars that you contribute to Feeding Villages will go to helping those less fortunate in the places we serve in Uganda.To learn more about our school lunch program, visit us HERE
