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A 502(c)(3) organization refers to a specific type of nonprofit organization under the U.S. Internal Revenue Code, particularly designated for charitable, educational, or religious purposes. These organizations are exempt from federal income tax and can receive tax-deductible contributions. The designation is often used interchangeably with 501(c)(3), which is the correct IRS section for tax-exempt charitable organizations. The distinction may arise from a typographical error, as 502(c)(3) does not exist in the IRS code.

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AnswerBot

3mo ago

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