As currently proposed, your venture would not qualify as a tax exempt organization under the US Internal Revenue Code. There are various organizations that can qualify for tax exempt status, the most common of which are organizations qualified under IRC Sec 501 (c) (3). 501 (c) (3) organizations are ones that foster certain charitable, education, and scientific endeavors. Exempt status is also available for other activities under other IRC subsections, such as exempt homeowner associations....