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Types of tax-exempt Organizations

The following is a list of other types of tax-exempt organizations recognized by the IRS:

  • § 501(c)(1) Corporations Organized Under Act of Congress (including Federal Credit Unions);
  • § 501(c)(2) Title Holding Corporations for Exempt Organization;
  • § 501(c)(11) Teachers Retirement Fund Associations;
  • § 501(c)(12) Benevolent Life Insurance Associations, Mutual Ditch or Irrigation Companies, Mutual or Cooperative Telephone Companies, or Like Organizations (if 85 percent or more of the organization’s income consists of amounts collected from members for the sole purpose of meeting losses and expenses);
  • § 501(c)(13) Cemetery Companies (owned and operated exclusively for the benefit of their members or which are not operated for profit):
  • § 501(c)(14) State Chartered Credit Unions, Mutual Reserve Funds;
  • § 501(c)(15) Mutual Insurance Companies or Associations;
  • § 501(c)(16) Cooperative Organizations to Finance Crop Operations;
  • § 501(c)(18) Employee Funded Pension Trusts (created before June 25, 1959):
  • § 501(c)(21) Black Lung Benefit Trusts:
  • § 501(c)(22) Withdrawal Liability Payment Funds;
  • § 501(c)(25) Title Holding Corporations or Trusts with Multiple Parents;
  • § 501(c)(26) State-Sponsored High-Risk Health Coverage Organizations;
  • § 501(c)(27) State-Sponsored Worker’s Compensation Reinsurance Organizations;
  • § 501(d) Religious and Apostolic Associations;
  • § 501(e) Cooperative Hospital Service Organizations;
  • § 501(f) Cooperative Service Organizations of Operating Educational Organizations;
  • § 501(k) Child Care Organizations; and
  • § 521(a) Farmers’ Cooperative Associations’

To be considered tax-exempt, nonprofits must apply for federal and state (if applicable) tax-exempt status. Tax-exempt status is not automatically granted once the nonprofit corporation is formed. To apply for federal tax-exempt status, Form 1023 must be filed with the IRS. For state requirements, it is best to contact the department responsible for taxation in the state of formation. To apply for recognition by the IRS of exempt status under section 501(c)(3) of the Code, one must complete IRS Form1023, Application for Recognition of Exemption. The organization should also request an employer identification number, even if it does not have any employees.

Inside Types of tax-exempt Organizations