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- A charity business is an organization that operates for the benefit of the general public or a specific cause1234. A charity business must have a charitable purpose that is recognized by the IRS or other authorities, such as preventing poverty, advancing education, promoting religion, or supporting arts and culture154. A charity business cannot make profits and must use all its funds for achieving its aims4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being (e.g. educational, religious or other activities serving the public interest or common good).en.wikipedia.org/wiki/Charitable_organizationA charity is an organization which operates in order to benefit the general public. What is ‘beneficial’ is always open to debate, and therefore you can find charities both for and against the same cause. Nevertheless, both organizations count as charities because of their aim, which is what distinguishes a charity from other organizations.www.ionos.com/startupguide/get-started/what-is-a …an organization that has the purpose of providing money or help to people who need it, or that does something useful for society: Proceeds from the sale of these cards will be given to local charities. It's a charity that supports local arts initiatives. As a charity, the organization does not pay tax.dictionary.cambridge.org/dictionary/english/charityThese are things like preventing or relieving poverty, or advancing the arts, culture, heritage or science. It has to be established exclusively for what is known as public benefit(see below). That means its only purpose must be charitable. Charities can’t make profits. All the money they raise has to go towards achieving their aims.howcharitieswork.com/about-charities/what-is-a-ch…To be considered a charitable organization by the IRS, a group must operate exclusively for one of these purposes: charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, or preventing cruelty to children or animals.www.investopedia.com/terms/1/501c3-organization…
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