There
are hundreds of thousands of nonprofits registered in the United
States, and the Internal Revenue Service (IRS) reports that new
trade associations, professional societies, charities,
foundations, and other nonprofits apply for tax-exempt status
each year.
As of April 2002, the IRS recognized 71,032 organizations as tax
exempt under Section 501(c)(6) of the Tax Code. Trade
associations, business leagues and chambers of commerce fall
under 501(c)(6) classification. To meet the requirements of
Section 501(c)(6), an organization must possess the following
characteristics:
1. It must be an association of persons having some common
business interest and its purpose must be to promote this common
business interest;
2. It must be a membership organization;
3. It must not be organized for profit;
4. No part of its net earnings may inure to the benefit of any
private shareholder or individual.
Charities, foundations and other donor-based organizations fall
under Section 501(c)(3) of the Tax Code. According to the IRS,
230,159 charities filed Form 990 and Form 990-EZ tax returns in
2000, up from 211,615 in 1999. The Chronicle of Philanthropy
reported in 2004 that the IRS considered another 446,714
charities that did not file Form 990 returns to be active in
2000. Exempt from the IRS filing requirements are churches and
other religious organizations, as well as nonprofit groups with
annual gross receipts totaling less than $25,000. To meet the
requirements of Section 501(c)(3), an organization must possess
the following characteristics:
1. It must be organized and operated exclusively for one or more
of the purposes set forth in Section 501(c)(3) - charitable,
religious, educational, scientific, literary, testing for public
safety, fostering national or international amateur sports
competition, and the prevention of cruelty to children or
animals - and none of the earnings of the organization may inure
to any private shareholder or individual;
2. It may not attempt to influence legislation as a substantial
part of its activities and it may not participate at all in
campaign activity for or against political candidates.
Below are the major Asian Leaders Associations.
Click on the left buttons for directories by ethnic groups and
by State.
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