Netting Nations is pleased to announce that our organization received a 501(c)(3) designation letter from the IRS stating that we are officially tax-exempt. 501(c) is a subsection of the Internal Revenue Code ( § 501(c)), which lists 28 types of non-profit organizations exempt from certain federal taxes. Section 501(c)(3) is just one of the tax law provisions granting exemption from the federal income tax to non-profit organizations. As a 501(c)(3), we can now solicit tax-deductible donations from individuals and businesses, we do not pay income taxes, we can write for more grants, and we have more partnership possibilities. It also means that we are held to a tremendously high standard regarding accounting and organizational transparency, and that we will be monitored by watchdog groups like Charity Navigator and Charity Watch.

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