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The Let's Read organization is a public charity under IRC Sec. 5 0 1 ( c ) ( 3 ) . It had total support

The Let's Read organization is a public charity under IRC Sec. 501(c)(3). It had total support of the following: United Way support$10,000 Grant from the state 25,000 Grant from the city 10,000 Contributions from individuals 261,000 Investment income 1,000 Revenue from the sale of books12,000 $319,000 Tap the table to full screen Of the $261,000 received from contributors, $240,000 came from four contributors, each of whom gave $60,000; the other $21,000 came from small individual contributions
Answer the following :
Calculate the total amount of support that qualifies as public support in meeting the public support test to
escape private foundation status.
Is the organzation considered a public chairty ? Why?
If the organzation had receieved 200,000 from one indiviudal and the remaining 61,000 from many small individual contriubtions would the not-to- profit entity still be classifed the same as in your response to the second bullet?
Make sure to provide and introduction and a conclusion paragraph very detailed on question asked.

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