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The Let’s Read organization is a public charity under IRC Sec. 501(c)(3). It had total support of the following:
Of the $261,000 received from contributors,$240,000 came from four contributors, each of whom gave $60,000; the other$21,000 came from small individual contributions.
If the organization had received $200,000 from one individual, and the remaining$61,000 from many small individual contributions, would the NFP still be classified the same as in your response to part b?
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