Yes, per a 9/14/2020 IRS Determination Letter, the FHMGC is an approved 501 (c)(7) non-profit organization. The IRS provides the following information regarding 501 (c)(7) organizations: A social club must be organized for pleasure, recreation, and other similar purposes. A club will not be recognized as tax exempt if its charter, by laws, or other governing instrument, or any written policy statement provides for discrimination against any person based on race, color, or religion. A club may, however, in good faith limit its membership to members of a particular religion in order to further the teachings or principles of that religion and not to exclude individuals of a particular race or color.
In addition, we can only receive up to 35% of our gross receipts from sources outside of its membership without risking tax-exempt status. Within this 35%, no more that 15% of the organization's gross receipts are to be derived from the use of the club's facilities or services by the general public. Lastly, donations or dues paid to Section 501(c)(7) organizations are not tax-deductible. This advantageous provision of the tax code applies only to Section 501(c)(3) charities. Thus, donors to social clubs may not claim a charitable deduction under Section 170. They also may not generally claim that the dues or other amount paid to a social club constitutes a deduction as a business expense.
For more information on 501 (c)(7), please visit this site:
501(C)(7) Non-Profit Info.