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501(c)(23)
From Ballotpedia
501(c)(23) is an Internal Revenue Service (IRS) tax exemption status that applies to veterans' associations established before 1880. In order to qualify, these organizations must have been founded before 1880 and at least 75 percent of participants must be current or former members of the United States Armed Forces (USAF). Unlike other veterans organizations, however, the main function of 501(c)(23) entities must be to offer insurance benefits to their members and their dependents.[1]
Examples
- Navy Mutual Aid Association (Arlington, Va.)
- American Armed Forces Mutual Aid Association (Reston, Va.)
- American Legion Memorial Club (Winona, Minn.)[2]
See also
External links
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