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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. c It had total support of the following: United Way support$ Grant from the state Grant from the city Contributions from individuals Investment income Revenue from the sale of books $ Tap the table to full screen Of the $ received from contributors, $ came from four contributors, each of whom gave $; the other $ 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 from one indiviudal and the remaining from many small individual contriubtions would the notto 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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