Social Clubs are Tax-Exempt? Nonprofit Law Basics: 501(c)(7) Social Clubs, Country Clubs, Golf Clubs, Fraternities
What is a 501(c)(7) organization?
Not all tax-exempt organizations are private foundations or public charities. Under 501(c)(7), social clubs like fraternities or country clubs can be recognized as tax-exempt organizations.
501(c)(7) Social Clubs and Recreational Organizations – How to stay tax-exempt
Fraternities, country clubs, hobby clubs and sports clubs all are examples of groups organized for social, recreational and similar nonprofit purposes that are tax exempt under Section 501(c)(7) of the Internal Revenue Code. What is a 501(c)(7) social organization? Not all tax-exempt organizations are private foundations or public charities. Under Internal Revenue Code Section 501(c)(7), social […]