Exercise 13-19 (Algo) Public Charity [LO 13-3] The Let's Read organization is a public charity under IRC section 501(c)(3). It had total support of the following: Of the $262,300 recelved from Individuals, $241,100 came from four contributors, each of whom gave $60,275; the other $21,200 came from small individual contributions. Required a. Calculate the total amount of support that qualifies as "public support" in meeting the public support test to escape private foundation status. b. Is the organization considered a public charity? Yes No c-1. If the organization had recelved $206,000 from one individual, and the remaining $56,300 from many small individual contributions, calculate the total amount of support that qualifies as "public support" in meeting the public support test to escape private foundation status. c-2. If the organization had recelved $206,000 from one individual, and the remaining $56,300 from many small individual contributions, would the NFP still be classified the same as in your response to part b ? Yes No