A Not-For-Profit Typically Has Gross Receipts of $4,500 or Less

question 21

True/False

A not-for-profit typically has gross receipts of $4,500 or less each year. According to the IRS it would not have to file with the IRS to be considered tax-exempt under Sec. 501(c)(3).

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Definitions:

Agenda Setters

Individuals or entities that influence or determine the issues to be focused on or prioritized in public discourse or policy-making.

Liberal Biases

A tendency to favor perspectives, information, or outcomes aligned with liberal or progressive viewpoints, often highlighted in media or academic contexts.

Conservative Biases

Preferences or inclinations that favor traditional values, beliefs, and practices, especially those related to political conservatism.

U.S. Information Agency

A federal agency responsible for managing America's international informational and cultural exchange and propaganda programs until it was dissolved into the State Department in 1999.