The Chronicle of Philanthropy

What's Exempt From the Federal Tax on Charities' Unrelated Business Income

Donated Goods and Services

Income from activities where at least 85 percent of the work involved in generating the revenue is conducted by volunteers.

Income from the sale of merchandise where at least 85 percent of it was donated to the nonprofit group. Example: revenue from Salvation Army or Goodwill thrift stores.

Gambling...

To continue reading this Premium article, you must have a Chronicle account AND a subscription or online pass.

Subscriptions start at $42.50 for 12 issues; a 24-hour Web pass for under $10.

 

Subscribe | About The Chronicle | Contact us | Terms of use | Privacy policy | Help