Page:United States Statutes at Large Volume 68A.djvu/782

 742

INTERNAL REVENUE CODE OF 1954

(1) which is a religious organization described in section 501 (c)(3); or (2) which is an educational organization described in section 501 (c)(3), if such organization normally maintains a regular faculty and curriculum and normally has a regularly organized body of pupils or students in attendance at the place where its educational activities are regularly carried on; or (3) which is a charitable organization, or an organization for the prevention of cruelty to children or animals, described in section 501(c)(3), if such organization is supported, in whole or in part, by funds contributed by the United States or any State or political subdivision thereof, or is primarily supported by contributions of the general public; or (4) which is an organization described in section 501(c)(3), if such organization is operated, supervised, or controlled by or in connection with a religious organization described in paragraph (1)5 or (5) which is an organization described in section 501(c)(8); or (6) which is an organization described in section 501(c)(1), if such organization is a corporation wholly owned by the United States or any agency or instrumentality thereof, or a wholly-owned subsidiary of such a corporation. (b) CERTAIN ORGANIZATIONS DESCRIBED IN SECTION 501 (c)(3).—

Every organization described in section 501(c)(3) which is subject to the requirements of subsection (a) shall furnish annually information, at such time and in such manner as the Secretary or his delegate may by forms or regulations prescribe, setting forth— (1) its gross income for the year, (2) its expenses attributable to such income and incurred within the year, (3) its disbursements out of income within the year for the purposes for which it is exempt, (4) its accumulation of income within the year, (5) its aggregate accumulations of income a t the beginning of the year, (6) its disbursements out of principal in the current and prior years for the purposes for which it is exempt, and (7) a balance sheet showing its assets, liabilities, and net worth as of the beginning of such year. (c) CROSS R E F E R E N C E. — For provisions relating to statements, etc., regarding exempt status of organizations, see section 6001. SEC. 6034. RETURNS BY TRUSTS CLAIMING CHARITABLE DEDUCTIONS UNDER SECTION 642 (c). (a) GENERAL RULE. — E v e r y trust claiming a charitable, etc.,

deduction under section 642(c) for the taxable year shall furnish such information with respect to such taxable year as the Secretary or his delegate may by forms or regulations prescribe, setting forth— (1) the amount of the charitable, etc., deduction taken under section 642(c) within such year (showing separately the amount of such deduction which was paid out and the amount which was permanently set aside for charitable, etc., purposes during such year), § 6033(a)(1)

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