Our Nonprofit is now officially a 501(c)(3) with an effective date of November 2, 2023.

We are thrilled to announce that our nonprofit organization has been recognized as a public charity by the IRS. The official public charity status is 170(b)(1)(A)(vi) 501(c)(3). This marks a significant milestone in our journey to make a positive impact in our community and beyond.

What is 501(c)(3) Status?

501(c)(3) status is a designation by the Internal Revenue Service (IRS) that recognizes an organization as a tax-exempt, charitable entity. This status is essential for nonprofits as it provides numerous benefits, including the ability to receive tax-deductible donations, eligibility for certain grants, and exemption from federal income tax.

What Does This Mean for Donors?

With our Public Charity 501(c)(3) status, there are some important implications for those considering making a donation:

1. Tax Deductibility of Donations: Donors can deduct contributions they make to our 501(c)(3) under IRC Section 170. Our 501 (c)(3) also qualifies to receive tax deductible bequests, devises, transfers or gifts under Section 2055, 2106, or 2522.

2. Support: Your contributions during this time are incredibly valuable. They not only support our ongoing programs and initiatives but also demonstrate strong community backing, which is crucial to the health of this charity.

3. Retroactive Tax Deduction: The IRS has officially granted 501(c)(3) status retroactively to the date of the organization’s incorporation of November 2, 2023.

Thank you for your unwavering support.

Sincerely,

Do Gooder Inc.