Broken down roughly: the tax law requires most entities exempt undersection 501to file an annual information return. That information return—currentlyForm 990—is filed with the IRS, but must also be madeavailable to the public. It allows both the IRS and the general public a window into the...
The U.S. Internal Revenue Service (IRS) classifies churches as 501(c)(3) nonprofit charitable organizations, which are exempt from federal income tax and are able to accept tax-deductible donations. Unlike secular charities, however, churches are automatically considered to be 501(c)(3) organiza...