A nonprofit organization with 501(c)(3) designation differs from other nonprofits in that the 501(c)(3) nonprofit organization(1 point)

Responses

does not earn any profit.
is governed by a board of directors.
enjoys local, state, and federal tax exemptions.
operates in accordance with its stated mission.

1 answer

A nonprofit organization with 501(c)(3) designation differs from other nonprofits in that the 501(c)(3) nonprofit organization enjoys local, state, and federal tax exemptions.