US EditionDark Money: Billions in Ministry Assets No Longer Reported to IRS
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Dark Money: Billions in Ministry Assets No Longer Reported to IRS
A nonprofit watchdog group, Trinity Foundation, has identified more than 60 religious nonprofit organizations with assets totaling almost $1.8 billion that have stopped filing 990 forms with the IRS. IRS 990s disclose executive salaries and program services expenses and other important financial information, helping informed donors evaluate the effectiveness of nonprofit organizations. Program services are determined by subtracting fundraising a…
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