Is Consumer Reports a 501c3 organization?
Consumer Reports is a not-for-profit organization under Section 501(c)(3) of the Internal Revenue Code. It follows the standards of accounting and financial reporting for nonprofits as prescribed by the American Institute of Certified Public Accountants.
Is Consumer Reports a charitable organization?
Mission: WE ARE AN INDEPENDENT, NONPROFIT ORGANIZATION THAT WORKS SIDE BY SIDE WITH CONSUMERS FOR TRUTH, TRANSPARENCY, AND FAIRNESS IN THE MARKETPLACE. Consumer Reports Inc. is a 501(c)(3) organization, with an IRS ruling year of 1984, and donations are tax-deductible.
What qualifies as a charitable organization?
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being (e.g. educational, religious or other activities serving the public interest or common good).
What company owns Consumer Reports?
nonprofit Consumers Union
Consumer Reports, owned by nonprofit Consumers Union, has about 7 million subscribers, including 3.8 million who buy the print magazine and 3.2 million digital subscribers.
Can I trust Consumer Reports?
Consumer Reports is one of the most trusted sources for information and advice on consumer products and services, with more than 7 million paying members. Become a Member or call 1-800-333-0663.
How do I prove I donated to charity for taxes?
For contributions of cash, check, or other monetary gift (regardless of amount), you must maintain a record of the contribution: a bank record or a written communication from the qualified organization containing the name of the organization, the amount, and the date of the contribution.
Is a foundation a 501c3?
By definition, a private foundation is a 501(c)(3) organization, usually established for the purpose of granting money to charitable causes. It is the default category the IRS assigns a nonprofit seeking 501(c)(3) status, unless the applicant has requested and demonstrated suitability for public charity status.
Who is the CEO of Consumer Reports?
Marta L. Tellado is president and CEO of Consumer Reports (CR), an independent nonprofit that works side-by-side with consumers to create a fair and just marketplace.