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Internal Revenue Code of 1986

The main body of tax laws in the United States, managed by the Internal Revenue Service (IRS).

501(c)(3) organization

A specific type of non-profit organization, such as a charity, church, or educational institution, that is exempt from federal income tax and whose donations are typically tax-deductible for the donor.

Tax-exempt purpose

The specific non-profit activities for which an organization received its tax-free status, such as charitable, religious, educational, or scientific work.

Political campaign intervention

Activities by a tax-exempt organization that involve directly or indirectly supporting or opposing any candidate for public office, which is currently prohibited for 501(c)(3) organizations.

De minimis incremental expenses

Very small, negligible additional costs that an organization incurs beyond its regular operating expenses for a specific activity.

Taxable year

The annual accounting period used by individuals or organizations for calculating their income tax liability, often corresponding to the calendar year.