Subsidiary information tends not to be broken down for public scrutiny. Private Companies Privately held companies are not required by law to disclose financial information about their operations. Therefore, they do not release to the public an annual report detailing their financial activities. Consequently, locating information on private companies can be more challenging than public companies. These include charitable organizations, social welfare organizations, business leagues, social clubs, fraternal societies, veterans' organizations, employees' associations, and political organizations.
Nonprofit status is obtained on a state level according to state law.
Publication 78 of the IRS lists organizations that have been recognized as eligible to receive tax deductible contributions. Tax- exempt organizations must make their information returns available at their place of business.