Public Charity

Our community is great because of the generous people who live here. Our supporters are big-hearted and charitable. We step up to help those in need, whether in response to natural catastrophes, man-made tragedies, or families struggling in our national or international communities. You put your faith in our charity to carry out your charitable intent, and our charity works tirelessly to invest in our communities. Day in and day out, we provide critical assistance to families during challenging times, exemplifying what it means to be a good citizen. Our Charity is living proof of the world’s unique spirit of giving.

ACID is exempt from Federal income tax under section 501(c)(3) of the Internal Revenue Code. Contributions to ACID are deductible under section 170 of the code. Our Charity is also qualified to receive tax deductible bequests, devises, transfers, or gifts under section 2055, 2106 or 2522 of the Code. ACID exempts under section 501(c)(3) of the Code determined that ACID is a public charity under the Code section(s) listed above.

Exemption Requirements – 501(c)(3) Organizations

Charitable Organizations

Organizations organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, educational, or other specified purposes and that meet certain other requirements are tax exempt under Internal Revenue Code Section 501(c)(3).

To be tax-exempt under section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings may inure to any private shareholder or individual. In addition, it may not be an action organizationi.e., it may not attempt to influence legislation as a substantial part of its activities and it may not participate in any campaign activity for or against political candidates.

Organizations described in section 501(c)(3) are commonly referred to as charitable organizations. Organizations described in section 501(c)(3), other than testing for public safety organizations, are eligible to receive tax-deductible contributions in accordance with Code section 170.

The organization must not be organized or operated for the benefit of private interests, and no part of a section 501(c)(3) organization’s net earnings may inure to the benefit of any private shareholder or individual. If the organization engages in an excess benefit transaction with a person having substantial influence over the organization, an excise tax may be imposed on the person and any organization managers agreeing to the transaction.

Section 501(c)(3) organizations are restricted in how much political and legislative (lobbying) activities they may conduct. For a detailed discussion, see Political and Lobbying Activities. For more information about lobbying activities by charities, see the article Lobbying Issues PDF; for more information about political activities of charities, see the FY-2002 CPE topic Election Year Issues PDF.