Entities That Are Tax-Exempt Under IRS Section 501c3 Are Prohibited

question 85

True/False

Entities that are tax-exempt under IRS Section 501c3 are prohibited from having surpluses revenues exceed expenses.

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Definitions:

Groupthink

A psychological phenomenon occurring within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Discriminatory Effect

The negative impact of practices or policies that, intentionally or not, result in unfair treatment of certain groups.

Emotional Causes

The underlying emotional factors or triggers that lead to specific behaviors or psychological states.

Prejudice

Preconceived opinion or bias against an individual or group without sufficient knowledge, fair judgment, or factual basis.