Use Illustration 134. Select from the list of Internal Revenue Code section against each of the NFP entities which is most likely to be exempt from federal income tax. NFP Entities Section of Internal Ravenue Code 1501(0/0) 1. 2 3 4 5. 6. 7 8 Fredericksburg Chamber of Commerce American Diabetes Association American Legion American Museum of Natural History American Institute of Certified Public Accountants Wee Care Daycare Allentown Racquetball Association Citizen's to Elect Harvey