How to Determine Your Nonprofit Type
A Public Benefit Corporation
- Is designated as a public benefit corporation by statute; or
- Is tax exempt under section 501(c)(3) of the Internal Revenue Code; or
- Is organized for a public or charitable purpose and is required to distribute assets to a similar tax exempt organization upon dissolution; or
- Has elected to be a public benefit corporation.
Generally, if your corporation's mission is to serve the public or community at large, it is probably a public benefit corporation.