Which of the following is a reason why an not-for-profit organization might fail to qualify for tax-exempt status?
A) It is operated primarily for the benefit of its members.
B) Its officers are paid excessive wages.
C) Its primary purpose is to promote the passage of legislation favorable to institutions of higher education.
D) It has unrelated business income.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is a reason why an not-for-profit organization might fail to qualify for tax-exempt status?
A) It is operated primarily for the benefit of its members.
B) Its officers are paid excessive wages.
C) Its primary purpose is to promote the passage of legislation favorable to institutions of higher education.
D) It has unrelated business income.

Which of the Following Is a Reason Why an Not-For-Profit