NonProfit Organizations That Qualify
Whether a cash or noncash contribution, donor contributions are only deductible if donated to an eligible nonprofit organization. Per IRS guidelines, qualified tax-exempt organizations fall into five categories:
- An organization created under the laws of United States for the following purposes:
- The prevention of cruelty to children or animals.
2. War veterans' organizations created under United States law.
3. Domestic fraternal societies, orders, and associations as long as the contribution will be used for religious, charitable, educational, scientific, or literary purposes to include the prevention of cruelty children or animals.
4. Certain nonprofit cemetery companies or corporations, as long as it not for a specific lot or mausoleum crypt.
5. “The United States or any state, the District of Columbia, a U.S. possession (including Puerto Rico), a political subdivision of a state or U.S. possession, or an Indian tribal government or any of its subdivisions that perform substantial government functions" (See www.IRS.gov, Types of Qualified Organizations, section 2 paragraph 1).