What is meant by IRS determination letters, 501(c)(3), PTA.

Answer by  BooKooGuru (24)

The IRS determination of 501(c)(3),PTA is for Parent Teacher Associations which are strictly non-profit and never do fund-raising events focused on money only.

Answer by  lois47 (383)

A 501(c)(3) designation is given to a nonprofit organization that is recognized by the IRS. Donations made to these organizations are tax deductible. PTA means the organization (Parent-Teacher Association) is tax-exempt and any fundraisers must me related to education.

Answer by  Kaybee54 (9)

501(c)(3) determination letters designate organizations as "public charities" and makes them eligible to receive tax deductible contributions. The National Parent Teacher Association (PTA) is a 501©(3)charity and all local PTA's that affiliate with the national organization qualify as 501(c)(3)charities as well.

Answer by  cgroverla (516)

The PTA organization must apply to the IRS for status as a charity, in order for donations to the charity to be tax-deductible to the donor. After successful application, the IRS will issue a determination letter affirming the charitable status of the PTA as a 501c(3) charity.

Answer by  FinanceGuy (82)

The IRS sends this after an organization has applied for tax-exempt status. It shows which section of IRS code the organization falls under. Keep this document in a safe place as it is the primary proof of your organization's tax-exempt status.

Answer by  CODY123 (19)

A determination letter will be issued by the IRS to an organization who applied for tax exemption status letting them know if they qualify.