GuideStar Report Outlines Impact on Donors, Grantmakers, and Nonprofits of Impending Automatic Revocations of Nonprofit Tax Exemptions

GuideStar has released a new report, "What Automatic Revocation of Nonprofit Tax Exemptions Means for You: A Review for Nonprofits, Grantmakers, and Donors," regarding the IRS Nonfiler Revocation List.

Publication of the first Nonfiler Revocation List will be a historic event for the U.S. nonprofit sector. As many as 321,000 organizations may be included on this initial list. The revocations will affect not only the nonprofits that have lost their exemptions but also nonprofits whose exemptions remain intact and the donors and foundations that support the revoked organizations.