What is a Charitable Organization?
Money or property that you donate to “qualified” charitable organizations can be included in your itemized deductions as a charitable contribution. But what is a “qualified” charity? IRS Publication 78 lists all qualified organizations.
- Churches, synagogues, temples, mosques, and other religious organizations.
- Federal, state, and local governments, if your contribution is solely for public purposes. This generally includes local government, public schools, Indian tribal government, and governments of U.S. Possessions.
- Nonprofit schools and hospitals.
- Nonprofit volunteer fire companies, public parks and recreation facilities, and civil defense organizations.
- Organizations organized and operated for charitable purposes, such as the Salvation Army, Red Cross, Goodwill Industries, United Way, Boy Scouts, Girl Scouts, March of Dimes, etc.
- Certain organizations that foster national or international amateur sports competition.
- War veterans’ organizations, including posts, auxiliaries, trusts, or foundations organized in the United States or any of its possessions.
- Domestic fraternal societies, orders, and associations operating under the lodge system.
- Certain Canadian and Mexican charities allowed by treaty – however, generally to deduct your contribution you must have income from sources within the country.
If you have questions regarding a specific charity or charitable contribution, please feel free to inquire with this office
Rabalais Business Consulting is a Lafayette business consulting firm providing one stop shop services for most small business needs. We provide business, accounting and financial consulting along with retirement advisory services. We are Acadiana’s small business survival specialists.
Contact us at (337) 981-2577 to learn how we can assist you with your business.