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A 501(c)(6) organization may receive unlimited contributions from corporations, individuals, and labor unions. The names and addresses of contributors are not required to be made available for public inspection, [74] with the exception of a 501(c)(6) organization that makes independent expenditures.
An organization must meet certain requirements set forth in the code. Some organizations must also file a request with the Internal Revenue Service to gain status as a tax-exempt non-profit charitable organization under section 501(c)(3) of the tax code.
501(c)(6) organizations are trade group, chambers of commerce, and other business organizations. They can be nonpartisan, but they may also engage in lobbying and other partisan political activities within certain limitations, provided that donations to these groups are not tax deductible to the extent the donations are used for political purposes.
If the organization purpose is one of those described in §501(c)(3) of the Internal Revenue Code, [3] it may apply for a ruling that donations to it are tax deductible to the persons or business entities who make them. The organization itself will be exempt from taxation as long as it does not engage in unrelated business activities.
A 501(c)(3) organization is allowed to conduct some or all of its charitable activities outside the United States. [64] [65] A 501(c)(3) organization is allowed to award grants to foreign charitable organizations if the grants are intended for charitable purposes and the grant funds are subject to the 501(c)(3) organization's control. [66]
Grassley asked for the ministry to divulge financial information [21] [22] to the committee to determine if Copeland made any personal profit from financial donations, and requested that Copeland's ministry make the information available by December 6, 2007. The Copelands responded with a "Financial report from Kenneth Copeland Ministries."
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