IRS Grants Tax-Exempt Status to Vision Credit
The Directors and Officers of Vision Credit Education, Inc. are pleased to announce that our application for tax-exempt status has been approved by the Internal Revenue Service. The IRS approved the designation of Vision Credit as a public charity as defined under IRC 501(c)(3).
This designation allows Vision Credit to receive tax-deductible donations from individuals, corporations, foundations and government grant providers. With this status, Vision Credit can now pursue the grants and donations that are only available to approved tax-exempt organizations.
The decision by the Internal Revenue Service to grant tax-exempt status to a credit counseling organization is a rare occurrence given the increased scrutiny placed on credit counseling agencies by the IRS since 2003. It is a true credit to the activities and plans by our founders and volunteers. We endured increased scrutiny and still prevailed.
As a result, we are positioned to receive grants and other funding that many other credit