Exam 2: Overview of the Nonprofit Sector

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Ascertain the characteristics of organizations that are purely philanthropic.

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A nonprofit that qualifies under Section 501 (c)(3) cannot support candidates for public office and must limit its expenditures on:

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Almost of the revenue of charitable nonprofits comes from government grants and payments for services under programs such as Medicare and Medicaid.

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Gifts to religious congregations are tax deductible because congregations are required to register with the IRS.

(True/False)
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Unlike public charities, private foundations are not permitted to engage in:

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There are an increasing number of organizations that operate under both nonprofit and for-profit legal forms that are often referred to as:

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What were the total combined assets of all nonprofits in 2008?

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