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).

---

Definitions:

Stereotype Threat

The risk of confirming negative stereotypes about an individual's racial, ethnic, gender, or cultural group, which can adversely affect performance and behavior.

Black Students

Students of African descent who are part of an educational system.

Test Performance

Refers to how well an individual does on an assessment of their knowledge, skills, abilities, or physical fitness.

Stereotype Threat

The risk of conforming to stereotypes about one's social group, which can negatively affect performance and self-perception.