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<blockquote data-quote="barnyard" data-source="post: 866706" data-attributes="member: 13921"><p>They would lose their tax status as a 501c3 if they had 70% overhead. By law, a 501c3 cannot have expenses over 50% of income. As one of the largest non-profits in the nation, I would think that the IRS watches them to make sure they are within the law.</p><p></p><p>Believe it or not, non-profits are regulated even more than regular business.</p></blockquote><p></p>
[QUOTE="barnyard, post: 866706, member: 13921"] They would lose their tax status as a 501c3 if they had 70% overhead. By law, a 501c3 cannot have expenses over 50% of income. As one of the largest non-profits in the nation, I would think that the IRS watches them to make sure they are within the law. Believe it or not, non-profits are regulated even more than regular business. [/QUOTE]
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