[Verse 1] When nonprofits seek their tax-free crown Form ten-twenty-three must be filed down Charitable purpose written clear and bright Religious, educational, scientific light The IRS examines every claim To earn that five-oh-one exemption name [Chorus] C-three for charity, C-four social good C-six for business leagues in the neighborhood Organizational test and operational too Both boxes checked before your status comes through Public charity or private foundation Depends on your funding concentration [Verse 2] Social welfare groups get C-four status Promoting common good without apparatus Of profit motive driving their machine Community benefit must be seen While business leagues and trade associations Get C-six classification for their operations [Chorus] C-three for charity, C-four social good C-six for business leagues in the neighborhood Organizational test and operational too Both boxes checked before your status comes through Public charity or private foundation Depends on your funding concentration [Bridge] Form ten-twenty-three-EZ for smaller groups Streamlined process cuts through bureaucratic loops But watch your documents and governing papers One wrong word and your exemption tapers [Verse 3] Organizational test checks your formation Articles of incorporation's dedication Operational test watches what you do Activities must match your purpose true Public support test divides the crowd Private foundation rules are strict and loud [Final Chorus] C-three for charity, C-four social good C-six for business leagues in the neighborhood Pass both tests and file your paperwork right Tax exemption brings your mission to flight Know your category, know your classification Welcome to the nonprofit nation
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