Some Nonprofits Rake in Millions but Spend Little on Good Deeds

Beauty pageants? The NFL? Why are these organizations tax-exempt? A new report released by Sen. Tom Coburn breaks down the 9,000-page tax code and calls for loopholes to be closed.

There are about 1.6 million tax-exempt organizations in the United States. While many provide vital services, some take in millions of dollars but spend little on good deeds. These include celebrity nonprofits, sports leagues and country clubs, according to a new report from Sen. Tom Coburn (R-Oklahoma).