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NAFC 501(c)(3) Status

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The NAFC Nonprofit qualifies as tax-exempt under section 501(c)(3) of the Internal Revenue Code because it is organized and operated exclusively for exempt purposes set forth in section 501(c)(3), and none of its earnings inure to any private shareholder or individual.

The organization qualifies under two exempt purposes: (1) charitable and (2) educational. “Charitable” includes relief of the poor, distressed or the underprivileged, and includes the advancement of education or science. “Educational” relates to the instruction or training of the individual for the purpose of improving or developing his capabilities or the instruction of the public in subjects useful to the individual and beneficial to the community.

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