charitable corporation

Non-profit corporation organized for charitable purposes; i.e. for purpose, among other things, of promoting welfare of mankind at large, or of a community, or of some class forming part of it indefinite as to numbers and individuals and is one created for or devoted to charitable purposes. Lynch v. Spilman, 67 Cal.2d 251, 62 Cal.Rptr. 12, 18, 431 P.2d 636.
Such corporations must meet certain criteria to receive tax "exempt" status. I.R.C. No. 501(c)(3).

Black's law dictionary. . 1990.

Look at other dictionaries:

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