what is IRS designation for charitable organizations
Introduction. The 501(c) designation is an IRS tax code designation for a non-profit organization that receives some exemption from federal taxation. State taxation generally follows the same criteria as the federal government for tax exemption.raternal organizations and retirement funds may also be tax exempt if they are for the sole benefit of the dependants. These organization are covered in 501(c)(8 - 12). Several other narrow classifications exist for retirement and benefit trusts.