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Posted: 3/15/2005 5:37:30 PM EST
Can a gun club become one?

SRM
Link Posted: 3/15/2005 7:14:22 PM EST
Since no one else has responded, I'll throw in a few comments. Note, I don't know much about this stuff, but from what I understand, a 501(c)(3) is a type of non-profit that allows people who contribute to it to claim these contributions as deductions on their federal income tax. It also carries with it some hefty restrictions on what kinds of activities you can engage in (especially politics-related stuff). If you've got some very crafty lawyers, you can do what VPC does and maintain this status while carefully skating the fine line of staying in compliance, but certainly violating the spirit of the law.

Anyway, is there any particular reason why you'd have to be a 501(c)(3), or would just a regular non-profit suffice?

--Mike
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