In order to be a 501(c)(3)- No part of the net earnings of which inures to the benefit of any private shareholder or individual, no substantial part of the activities of which is carrying on or otherwise attempting to influence legislation, and which does not attempt to participate or intervene in any political campaign.
It might be to your advantage to start a business (C Corp., S Corp, Sole-Proprietor LLC), pay taxes on the gross profits and give 90% of the net profits to charity.
It all depend on the type of business entity you have. If you have a sole proprietor and file Sch. C you will report your gross revenue on your Form 1040 and if you donate to qualify nonprofit organizations you can donate up to 50% of your total AGI. If you have a corporation you can only donate 10% of your gross profit before taxes, pay Federal taxes on the 90 % gross profit, receive the net income from the corporation in the form of a dividend, report the amount on your 1040 and donate up to 50% of you AGI before personal income tax.
It would be better to form a LLC Sole Proprietor if you have no partners.
The 503(3)(c) cannot have business income not related to its exempt purpose. What type of a business will you have?
its a website..simple example...an ad is placed on site, visitor clicks on ad for nike and goes to nike.com..they buy a $100 pair of shoes..I get $10 commission on sale. I then want to donate 90-100% of the $10 to the charity of choice of the visitor...the purpose is to raise money for charitable organizations...that's it..so all the money raised will either be donated or pay my salary/admin expenses..would that qualify as a 501c3? ..sorry for the confusion