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There are a number of terms that people often use interchangeably: nonprofit, charity, tax-exempt organization, and 501(c)(3). In reality, an organization could be one of those, all of those, or somewhere in between. The terms do not necessarily mean the same thing. So... what is a 501(c)(3) nonprofit? Visit us on the web at https://www.501c3.org/ 🏆 YOUR NEXT STEP: •Fill out this form for a FREE consultation on how to start a nonprofit: https://bit.ly/3Tu9nYE •Register for Fundraising TV: https://www.501c3.org/fundraising-tv/ •Download the FREE eBook “10 Things You Need to Know Before Starting a Nonprofit” https://bit.ly/3XhFag0 📱 Check out our video series on the “other” nonprofits: •What is a 501(c)(4) Nonprofit Organization? • What Is A 501(c)(4) Nonprofit Organization? •What is a 501(c)(6) Nonprofit Organization? • What Is A 501(c)(6) Nonprofit Organization? •What is a 501(c)(7) Nonprofit Organization? • What Is A 501(c)(7) Nonprofit Organization? ❓ What is the difference between a Public Charity, a Private Foundation, and a Private Operating Foundation? • • Public Charity vs. Private Foundation vs. ... 0:00 Introduction 0:50 The Basics of a 501(c)(3) Nonprofit Organization 1:30 Benefits of 501(c)(3) Status 2:20 Purpose Limitations of a 501(c)(3) 2:41 Religious 2:55 Scientific Research 3:15 Testing for Public Safety 3:48 Literary 4:04 Educational 4:24 Fostering National and International Amateur Sports 5:02 Prevention of Cruelty to Animals and Children 5:28 Charitable 5:56 Qualifying Entities 6:25 Types of 501(c)(3) Organizations 7:18 Restrictions of Activities 8:08 Conclusion