What three factors must co-exist for a property to qualify as a purely public charity?

For a property to qualify as a purely public charity, it is essential that it meets specific criteria that define its charitable status. The correct combination of factors includes the institution being devoted to charity, providing a public benefit, and being used exclusively for charitable purposes.

The first factor, being devoted to charity, indicates that the institution is established primarily for charitable purposes rather than for profit or private interests. This aligns with the core mission of charitable organizations, which is to serve the public good.

The second factor, public benefit, requires that the actions or services offered by the charity benefit a significant segment of the community or society at large. This reinforces the idea that charitable activities should not only serve private interests but must extend their impact to a broader audience.

Finally, the criterion of exclusive use for charity emphasizes that the property in question should be utilized solely for charitable activities. This exclusivity ensures that the resources are dedicated to helping those in need, without any diversion towards non-charitable endeavors.

These three factors together ensure that the property embodies the essential characteristics of a public charity, thereby qualifying for any associated benefits, such as tax exemptions. This foundational understanding helps clarify why option B is the correct answer in the context of determining the qualifications for a purely public charity.