The Internal Revenue Service (IRS) has denied a marijuana-focused tourism organization’s request for nonprofit tax-exempt status, citing the ongoing federal criminalization of cannabis and saying that ...
Many hospitals in the United States were founded by religious organizations or philanthropists and were expected to focus on relieving the suffering of poor people. Times change. Hospitals are one of ...
Nonprofits use earnings to further missions, not individual gains; they enjoy federal tax exemptions. The IRS categorizes multiple nonprofit types under 501(c), with 501(c)(3) being the most common.
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What Does It Mean to Be Tax-Exempt?
Tax-exempt means not being required to pay taxes on certain types of income. Individuals can qualify for tax-exemptions. Entire organizations can be completely tax-exempt. Tax-exempt does not mean you ...
PUEBLO — The city of Pueblo cut its funding to non-profits for the 2025 budget, but one organization still getting funding had its tax-exempt status revoked from the Internal Revenue Service (IRS) in ...
A sign outside Journey Inn Ministries T.A.J.E is pictured. A Westfield non-profit is fighting the town’s decision to deny a property tax exemption. Journey’s Inn Inc., also known as Journey Inn ...
EXCLUSIVE — Rep. Jason Smith (R-MO), chairman of the congressional committee that oversees the IRS, is demanding the agency strip a progressive nonprofit organization of its tax-exempt status after ...
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