How to pronounce “501(c)(4)”

Meaning

• [Noun]
• (US, taxation, organizations) An organization that complies with section 501(c)(4) of the U.S. federal tax code. A non-profit organization exempt from some federal income taxes, due to being dedicated social welfare purposes.
• (US, politics) A nominally civic oriented service non-profit organization, that spends just over 50% of its revenues on such apparent aims, while spending the remainder on political purposes; due to the effect of the Citizens United judgment.

Practice Nearby Words

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