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Form OMB No. 154500561023Application for Recognition of ExemptionNote: If exempt status is(Rev. June 2006)approved, this applicationDepartment of the Treasury Internal Revenue Serv1ceUnder Section
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Form 1023 application is needed by organizations seeking recognition of exemption under Section 501(c)(3) of the Internal Revenue Code.
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Form 1023 is used by organizations to apply for recognition of exemption under Section 501(c)(3) of the Internal Revenue Code, seeking to obtain tax-exempt status.
Organizations that wish to be recognized as tax-exempt under Section 501(c)(3) must file Form 1023, including charitable trusts, non-profit organizations, and other qualifying entities.
To fill out Form 1023, applicants must provide information about their organization, including its structure, programs, finances, and purpose, following the instructions provided by the IRS.
The purpose of Form 1023 is to allow organizations to formally apply for tax-exempt status, which enables them to receive tax-deductible donations and be exempt from federal income tax.
The application requires information on the organization's governance, activities, financial data, and public support to demonstrate its eligibility for tax exemption.
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