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Not For Profit/Exempt Organizations Blog

Monthly Archives: April 2011

Charity Loses Tax Exemption Because of Private Inurement – Is Your Charity Immune?

Posted in Governance

In PLR 20113041, the IRS revoked the tax exemption of a public charity based on excess benefit and private inurement issues revealed during the course of its examination. This ruling highlights practices that charities should avoid in order to maintain their tax-exempt status. This ruling also confirms that the IRS is paying close attention to what charities are doing in their “back” offices.