To start with, I am going to assume that the child is the biological child of both of you and that you live together. In that case, only one person can claim all the tax benefits -- dependent exemption, child tax credit, head of household filing status (sometimes), EIC (sometimes), and dependent care credit or tax-free FSA.
The Statute IRC 501(c)(4) provides for exemption of: Civic leagues or organizations not organized for profit but operated. exclusively for the promotion of social welfare. Local associations of employees, the membership of which is limited to the. employees of a designated person or persons in a particular municipality.
Some public non-profit organizations may receive goods from the public rather than monetary donations. Some states exempt non-profit organizations from tort liability and from paying unemployment insurance taxes, regardless of whether the organization is receiving public or private funding.n some cases, a private non-profit organization may receive a large portion of its funding from the individual who founded the organization. Founders of private non-profit organizations may secure additional funding from other wealthy donors who are interested in furthering the same cause.