Exam 2: Overview of the Nonprofit Sector

How much of the revenue for charitable nonprofits comes from government funds?

Some people believe that commercialization of the nonprofit sector may result in profit being placed ahead of the mission.

Analyze the Smithsonian Institution and explain the complexity of its structure as opposed to a traditional nonprofit.

Define the terms "third sector, fourth sector, charitable sector, voluntary sector, independent sector, and tax-exempt sector." Explain the characteristics that distinguish each term.

The legal foundations of America's nonprofit sector are drawn from ______law.

Most museums are classified as 501(c)(3) by the Internal Revenue Service.

The number of tax-exempt nonprofits operating in the United States in 2016 was approximately ______.

Organizations that operate under both nonprofit and for-profit legal forms are referred to as ______ organizations.

The first person to establish a distinction between charity and philanthropy was Warren Buffet.

Dees' Spectrum of Organizations classifies organizations that use only volunteers as a workforce as purely ______.

Who wrote "Bowling Alone: America's Declining Social Capital" to discuss the decline in civic engagement among Americans?

Exempt activities ______.

The two spectrums that define a social enterprise are philanthropic and ______.

A nonprofit that qualifies under Section 501(c)(3) must limit its expenditures on ______.

Explain the similarities and differences of 501(c)(3) and 501(c)(4) organizations.

A nonprofit classified as 501(c)(3) cannot support candidates for public office.

Compare and contrast benefit corporations, for-profit corporations, and social purpose corporations.

Social welfare organizations are classified by the Internal Revenue Service as ______.

Increased government spending on social programs in the 1960s began with President Lyndon B. Johnson.

What term identifies organizations that do not have to pay federal income taxes?