USAinDebt

Oct 23

What is a 501(c)3?

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You have probably heard the 501(c)3 expression already, and you were wondering what it is. Well, simply put, the 501(c) is a condition of the United States Internal Revenue Code, which allows incorporation of charitable, or otherwise called non-profit associations such as Labor Unions, Credit Unions, Mutual Insurance companies and Veterans’ organizations. Those companies are exempt from Federal income taxes and their main purpose is not acquiring profit, but helping the public. 501(c) organizations are prohibited from participating in various political activities.

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USA in Debt is not just meant for people who are in debt. This blog will contain whatever I find interesting in the finance field. Credit Cards, Student Loans, Investments, Finance Management, 401(k), Roth IRAs, Insurance, Personal Loans, as well as citations and comments on articles, published in different forums, blogs, newspapers and magazines. Expect to see my ramblings as well as news, interesting facts, explanations of different terms, tips & advices, jokes and just everything else. I will try to post as often as I can and I hope to build a steady stream of visitors, many of which I believe will come back to find new and interesting things to read and comment on. Your comments are welcome and always appreciated, as long as it is not plain advertising, gibberish or profanity (spam that will be deleted immediately and automatically). New ideas and suggestions are welcome as well.

Disclaimer: The information on this website reflects my personal opinion. Any decisions you make regarding your finances are based solely on your own decision. I am not responsible for any losses.