Let's Get To Know What A Charity Program Is

Let's Get To Know What A Charity Program Is - A charity program is typically classified as a 501(c)3 non-profit entity that holds the designation of a tax-exempt public charity or private foundation from the federal and state government.

Charity programs that qualify for this designation fall under categories of: religion, education, scientific, literary, testing for public safety, amateur sports, and prevention of cruelty to children and animals.

The benefits a charity program receives from the 501(c) 3 designation in addition to tax exception are; possible exceptions from property taxes, the ability to apply for government grants and/or private allocations, and discounts on United States postal mailing rates. Charity programs in the US are growing each year.

What is Charity Programs Mean?
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What is Charity Programs Mean?

The benefits a donator receives when giving to a charity program are also in a form of tax exemption by way of income write offs.

If a charity program donator itemizes on his/her federal tax return, they will be able to claim a tax write off for the value of the item or money donated to any charity programs that have the 501(c)3 designation.

Charity programs that are interested in receiving that designation should fill out IRS form 1023. This form allows the charity program to apply for 501(c)3 non-profit tax exempt status.

Charity programs without the 501(c)3 designation will not be able to offer a tax write off benefit to their donators. This could result in a lower number of participating donators which in turn renders the charity program less useful in pursuing its goal.

A charity program can state they are a 501(c)3 organization if they are in the process of becoming designated a 501(c)3 charity program, but the donator cannot realize the full tax write off until the application process in complete and approved.

The IRS typically requires charity programs to wait 4-6 months for official approval of their 501(c)3 status.

Let's Get To Know What A Charity Program Is

Christians interested in donating to a 501(c)3 charity program should carefully research the allocation of each charity programs funds before making a donation.

If a Christian wants to give to a charity program, they should be sure that they are giving out of a heart for love, not the tax write off. They must also feel compelled to donate, not from their pastor or the charity program, but from God.

The Bible says in 2 Corinthians 9:7 "Every man giveth according as he purposeth in his heart. So let him give; not grudgingly, or of necessity: for God loveth a cheerful giver".

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