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Charitable status

From Consumerium development wiki R&D Wiki
Revision as of 08:51, 6 September 2004 by Jukeboksi (talk | contribs) (...in the US)

For a non-profit organization to have charitable status under the law means that a donation to that organization results in the issue of a tax receipt - that is, a receipt that entitles the donor to a tax deduction in the US. Effectively, citizens of that jurisdiction give up a right to tax some amount on the assumption that the organization acts in their own interests.

Accordingly, organizations with such status fall under much closer scrutiny than those without it.

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