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The Mono Conservancy is a non-profit organization, and it may allocate fundraising costs because I has met the purpose test. During the year, it
The Mono Conservancy is a non-profit organization, and it may allocate fundraising costs because I has met the purpose test. During the year, it pays $120,000 in rent for a a three-story commercial building. Each of the floors are of equal square footage. One-and-a-half floors are use for its program services, while three-quarters of a floor is used for its management offices. The remaining space is used for its fundraising department. How much of the annual rent can be allocated to program services? (Numbers only. Do not use dollar signs, commas or decimals.)
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