IRS Considers Changes in Disclosure Rules for Many Groups
Affiliates of national groups such as Habitat for Humanity could face a new requirement to provide financial information to the tax agency every year.
By Lisa Chiu
Contributor
Mistakes in IRS List Cause Headaches for Some Nonprofits
A list of the 275,000 organizations that had their tax exemptions pulled contained some errors—including the names of prominent and well-established organizations. See a searchable list of groups that are no longer tax-exempt.
By Lisa Chiu
Contributor
275,000 Groups Lose Tax Exemptions After Failing to File Paperwork With IRS
Donors will no longer be able to get a tax break if they give to groups that have lost their tax exemptions, the IRS says.
By Lisa Chiu
Contributor
Mass. Foundations Consider Proposed Restriction on Board-Member Pay
A proposed law in Massachusetts that would prevent nonprofits from paying members of their boards of directors would apply both to public charities and to private foundations.
By Lisa Chiu
Contributor
Videographer Who Took Aim at NPR Gets IRS Approval for New Charity
Project Veritas, the organization created by the controversial videographer James O’Keefe, has received charity status from the Internal Revenue Service.
By Lisa Chiu
Contributor
Endowment Returns in 2010 Less Than in 2009, Say Two New Surveys
Endowments at nonprofits and foundations achieved a 12-percent return on investment, but that is a smaller gain than in the previous fiscal year.
By Lisa Chiu
Contributor
GOP Senators Question IRS on Audits of Advocacy Donors
Republican lawmakers want the Internal Revenue Service to explain why it recently decided to audit five donors who have made contributions to 501(c)(4) groups.
By Lisa Chiu
Contributor
Key Senator Asks Whether Charity Tax Break Is Fair to All
The chairman of the Senate Finance Committee has raised questions about whether the tax code is partially responsible for the widening gap between rich and poor.
By Lisa Chiu
Contributor
Many Charities Don’t Tell IRS How Much They Spend on Programs
Oregon’s lawmakers want to ensure that charities spend enough on programs, but many charities don’t report that information.
By Lisa Chiu
Contributor
Nonprofits Urged to Lobby Against Limits on Charity Tax Breaks
Independent Sector is stepping up its efforts to protest plans that would reduce the value of charitable deductions for wealthy donors—or eliminate the write-offs altogether.
By Lisa Chiu
Contributor