Author name: zafar

For example, private sports clubs are typically not-for-profit organizations. However, in most cases, only donations made to nonprofit 501(c)(3) organizations are tax-deductible. Not-for-profit organizations aren’t necessarily 501(c)(3)s—that is, they can be social organizations without a charitable purpose—so even if they’re tax-exempt, donations might not be tax-deductible. With their increased preference for market-oriented enterprise, governments have […]