The Chronicle of Philanthropy reports that hundreds of thousands of nonprofit organizations could lose their tax-exempt status this month. Nobody really knows for sure how many organizations will lose their tax exemptions, but several research groups estimate that more than 300,000 organizations listed on the Internal Revenue Service’s rolls ultimately could be affected.
It's almost hard to believe that four months have passed since the devastating 7.3 Haiti earthquake, which left over 250,000 dead. To date, over $1.1 billion has been donated for on-going relief and rebuilding efforts, says The Chronicle of Philanthropy.
