Soaring Assets and Revenues May Invite Look by Congress

By JENNIFER MOORE and GRANT WILLIAMS

The Internal Revenue Service will soon issue a report showing that from 1975 to 1995 the assets and revenues of tax-exempt organizations tripled -- to $1.9-trillion and $899-billion respectively.

"During that same 20-year period, the gross domestic product increased by 74 per cent," said Marc Owens, director of the service's Exempt Organizations Division, "so the tax-exempt sector is expanding at a rate that exceeds the overall gross domestic