Revocation of Federal Tax Exemption at Historic African-American Theater Holds Warning for Others Source Non Profit Quarterly May 12, 2016; Plain Dealer (Cleveland, OH) In April, leadership of Karamu House, a settlement house that includes the oldest African-American theater in the United States, suddenly became aware that the IRS had revoked its tax-exempt status after
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Ever wonder what the IRS Subsection codes stand for? Below is a list of the codes and what they stand for. Most, if not all, of the information provided on this site concerns subsection 501 (C)3 but the information I provide is so basic that every type of organization whether non-profit, for profit and any
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Allocating Expenses Expenses are allocated to show the total cost of operating your program(s) that include activities, services, and projects related to a specific program. It is very important for the Executive Director, Board of Directors and other agency management to know the total costs of running the program so all can see how the
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