Nonprofit status yanked from more charities by IRS
The Internal Revenue Service has yanked the nonprofit status of thousands more charities nationwide, including another 500 in Orange County, Calif.
The IRS updated its database of nonprofits which had their status revoked last week. You can find the IRS’s spreadsheets for all non-profits-no-more here.
What does this mean to you? It means the money you donate to these organizations, or pay as membership dues, is no longer tax-deductible. It also means their income is subject to tax.
Why is this happening? These organizations automatically lost tax-exempt status because they failed to file financial reports for three straight years.