No. 501©(4) status means you don’t pay taxes on moneys donated to your organization. But those donations are not tax-free. Among entities the IRS recognizes as acceptable under 501©(4) rules is Organization for Action – you remember… the grassroots group that worked tirelessly to elect Obama in ’08 and ’12. See http://en.wikipedia.org/wiki/2013_IRS_scandal for details. Maybe both sides got “scrutinized” but it seems only one side passed muster.
May 31, 2016
May 24, 2016
No. 501©(4) status means you don’t pay taxes on moneys donated to your organization. But those donations are not tax-free. Among entities the IRS recognizes as acceptable under 501©(4) rules is Organization for Action – you remember… the grassroots group that worked tirelessly to elect Obama in ’08 and ’12. See http://en.wikipedia.org/wiki/2013_IRS_scandal for details. Maybe both sides got “scrutinized” but it seems only one side passed muster.