What is a charitable organization? Definition and types
The Merriam-Webster definition of a charity as “an institution engaged in relief of the poor” is somewhat outdated. These days, charities can support many causes, from providing financial aid to those in need to supporting and spreading awareness for animal rights or environmental issues. In the US, the IRS defines a charitable organization in Publication 557 as one that “is organized and operated for purposes that are beneficial to the public interest.” The number of charities in the US is vast, but what exactly is the difference between a non-profit and a charity? What is the difference between a public and a private charity? And how does a charitable organization http://makeapact.org compare to a foundation? All these questions will be answered in the following. Types of charitable organizations Definition: charitable organization A charity is an organization which operates in order to benefit the general public. What is ‘beneficial’ is always open to debate, and therefore you