One-Fourth of Nonprofits Are to Lose Tax Breaks

At midnight on May 15, an estimated one-fifth to one-quarter of some 1.6 million charities, trade associations and membership groups will lose their tax exemptions, thanks to a provision buried in a 2006 federal bill aimed at pension reform.

Webmaster's Commentary: 

But I'll bet those centers for child molestation got to keep their tax exempt status!

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