Not-for-profit entities that are eligible to obtain tax-exempt status under Internal Revenue Code section 501(c)(4) are
A) Those promoting literacy.
B) Those promoting scientific research.
C) Chambers of Commerce.
D) Professional sports leagues.
E) Those functioning exclusively to promote social welfare.

Question

Quizplus · Accepted Answer

Organizations that function exclusively to promote social welfare are eligible for tax-exempt status under IRC section 501(c)(4).

Not-For-Profit Entities That Are Eligible to Obtain Tax-Exempt Status Under