More than 4,100 Minnesota nonprofits remain on the so-called "doomsday" list of organizations at risk of losing their tax-exempt status for failure to file federal tax returns, according to a count released Wednesday by the Urban Institute in Washington, D.C.
The organizations, ranging from Little Leagues to labor unions, failed to meet the May 17 deadline to file federal tax returns. Under a new law, all nonprofits must file tax returns. In the past, only those earning more than $25,000 a year had to do so.
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%0D%0A%20%20The%20organizations,%20ranging%20from%20Little%20Leagues%20to%20labor%20unions,%20failed%20to%20meet%20the%20May%2017%20deadline%20to%20file%20federal%20tax%20returns.%20Under%20a%20new%20law,%20all%20nonprofits%20must%20file%20tax%20returns.%20In%20the%20past,%20only%20those%20earning%20more%20than%20$25,000%20a%20year%20had%20to%20do%20so.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Faggregatedcontent%2F4-100-nonprofits-still-risk-losing-tax-exemption%2F" target="_blank" class="email" data-post-id="17646" type="icon_link"> Email Email
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