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Tax Exempt Organizations

There are over 1.5 million charitable nonprofits across the United States—ranging from churches and youth organizations to local chambers of commerce. These organizations play a vital role in our society, working to feed the hungry, shelter the homeless, educate future generations, heal the sick, inspire communities, and enrich lives in countless ways.

While many people use the terms “nonprofit” and “tax-exempt” interchangeably, they aren’t always the same. The U.S. tax code outlines nearly three dozen categories of tax-exempt organizations, each governed by its own set of rules. These include:

  • Section 501(c)(3): Public charities and private foundations (commonly referred to as charitable nonprofits)
  • Section 501(c)(4): Social welfare organizations, homeowners’ associations, volunteer fire departments
  • Section 501(c)(5): Labor unions and agricultural organizations
  • Section 501(c)(6): Business leagues, chambers of commerce, and trade associations
  • Section 501(k): Qualified child care organizations

In addition, the IRS classifies churches and other religious institutions—including synagogues, mosques, and temples—as public charities under Section 501(c)(3).

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Bookkeeping service is required for the running of your business. The right bookkeeping tools will make it easier to direct the business’s future and plan for profitability. Bookkeeping is a necessity. Eagle Eye bookkeeping compiles data from financial transactions into a detailed quality report. With us running the books, you can focus on other aspects of your business.

At Eagle Eye, we help you navigate the complexities of nonprofit formation and tax-exempt compliance. Whether you’re just starting out or seeking guidance on maintaining your exempt status, we offer end-to-end support—from entity formation and IRS filings to ongoing advisory services. Our goal is to simplify the process so you can stay focused on your mission of serving others.

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Eagle Eye Bookkeeping & Financial Services, LLC

We deliver accurate bookkeeping and financial advisory services to aid your business growth.