As described in section 501(c)(3) of the Internal Revenue Code, an organization may
qualify for exemption from Federal income tax if it is organized and operated exclusively
for one or more of the following purposes: religious, charitable, scientific, literary,
educational, testing for public safety, fostering national or international amateur
sports competition (only if none of its activities involve providing athletic facilities
or equipment), or the prevention of cruelty to children or animals.
Qualifying organizations include nonprofit old-age homes, parent-teacher associations,
charitable hospitals or other charitable organizations, Alumni associations, schools,
chapters of the Red Cross or Salvation Army, Boys’ or Girls’ clubs and churches.