Under which section of the Internal Revenue Code must a bona fide nonprofit organization provide status?

A bona fide nonprofit organization typically provides its status under Section 501(c)(3) of the Internal Revenue Code, which is specifically designed for organizations that are recognized as charitable, educational, religious, or scientific in nature. This section allows these organizations to be exempt from federal income tax and enables donors to deduct contributions made to them from their taxable income.

To qualify under this section, organizations must meet certain requirements, such as being organized and operated exclusively for exempt purposes and ensuring that their earnings do not benefit any private shareholder or individual. The 501(c)(3) designation is important because it provides the most significant tax benefits for both the organization and its donors, encouraging charitable giving and support.

In contrast, other sections like 501(c)(4), 501(c)(2), and 501(c)(5) describe different types of nonprofit organizations, such as social welfare organizations, title-holding companies, and labor organizations, respectively. These designations do not convey the same level of charitable status or the associated benefits that come with 501(c)(3).