About the Indian Lake Community Club - Re. Tax Status
Lots of folks ask about whether or not their contribution (donations) to the ILCC are tax deductible. The information below should help explain ...
The ILCC is a 501(c)(7) non-profit organization* - that's a long way to say that we are considered a 'Social Club" which means that we collect member money to pay for member functions. "Money collected" isn't tax deductible. However ...
While there are no tax benefits (to you), Indian Lake benefits in many many ways: Property improvements, water management, sports teams, sub-clubs, community outreach programs and ILCC sponsored events. Thank you!
On behalf of the ILCC, your Indian Lake friends and neighbors - we appreciate your support!
* What is a 501(c)(7) Social Organization? A 501c7 is a social or recreational club organization that meets Internal Revenue Service criteria for tax-exempt status under IRS Code 501(c)(7).