Sorting Out the Confusion with Nonprofit Classifications: 501(c)(3), 501(c)(4), 501(c)(6)
It’s common for people to use the term nonprofit loosely without really understanding what it means, which leads to confusion about a 501(c)(3) vs. 501(c)(4), vs. 501(c)(6). The terms nonprofit and not-for-profit are umbrella terms for federal classifications of tax-exempt…