No, IIC is not a Charity as described in Section 501(c)(3) of the Internal Revenue Code. Although IIC was formed for the express purpose of benefiting Eligible Charities, IIC itself is not such a charity because our social enterprise activities do not fall within the narrow IRS guidelines under Section 501(c)(3) for what constitutes charitable activities. We are, however, organized as an Illinois not-for-profit corporation because our mission is not to generate profits, but rather to enable you to provide much-needed funding to your favorite Eligible Charities – at no cost to you!