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"In a letter from the Internal Revenue Service (IRS) dated August 19, 2010, the IRS determined that the NTXBC is exempt from Federal income tax under section 501(c)3 of the Internal Revenue Code."
Contributions to the NTXBC are now deductible under section 170 of the code. The NTXBC is qualified to receive tax deductible bequests, devises, transfers or gifts under section 2055, 2106 or 2522 of the code.
It was also determined by the IRS that the NTXBC fits the classification of a public charity under section 501(c)3 of the code.