CHARITABLE ORGANIZATION

charitable organization.Tax. A tax-exempt organization that (1) is organized and operated exclusively      for religious,           scientific,          literary,             educational,       athletic,             public-safety,     or community-service purposes, (2) does not distribute earnings for the benefit of private individuals, and (3) does not participate in any way in political candidate campaigns, or engage in substantial lobbying. IRC (26 USCA) § 501(c)(3). — Also termed charity; 501(c)(3) organization. [Cases: Charities  1–50; Internal Revenue  4048–4069. C.J.S. Charities §§ 2–70; Internal Revenue §§ 462–464, 466–468, 470, 472–474.] [Blacks Law 8th]