Section 501(c)(3) is the portion of the US Internal Revenue Code that allows for federal tax exemption of nonprofit organizations, specifically those that are considered public charities, private foundations or private operating foundations. It is regulated and administered by the US Department of Treasury through the Internal Revenue Service. The organization must not be organized or operated for the benefit of private interests, and no part of a section 501(c)(3) organization’s net earnings may inure to the benefit of any private shareholder or individual.
Phillips Charitable is a non-profit 501(c)(3) charitable organization that was developed to provide financial assistance to individuals and families in their time of need. Our primary focus is on helping single parents, wounded veterans, and students working towards engineering degrees. Our non-profit charitable organization is comprised of individuals dedicated to helping those in need pull themselves up and achieve their goals.