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questionable growth of not-for-profit organizations
2. tax issues
3. trust issues
According to the article in the last five years, the ranks of registered nonprofits have swelled from 1.2 million to 1.4 million, up 17 percent. Revenues have increased by 50% where as assets have gone up by 9%. An increase in service revenue that fast is creating suspicion that how these non-profit agencies are operating.
The not-for-profit sector has tax benefits. According to IRS certain operations in a nonprofit agency are tax free which gives rise to tax abuse. Nonprofit businesses tried to manipulate information in order to avoid any type of applicable tax...
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