The Let’s Read organization is a public charity under IRC Sec. 501(c)(3). It had total support of the following:
United Way support$10,000Grant from the state25,000Grant from the city10,000Contributions from individuals261,000Investment income1,000Revenue from the sale of books12,000‾$319,000‾‾\begin{array}{lr} \text{United Way support}&\text{\$\hspace{5pt}10,000}\\ \text{Grant from the state}&\text{25,000}\\ \text{Grant from the city}&\text{10,000}\\ \text{Contributions from individuals}&\text{261,000}\\ \text{Investment income}&\text{1,000}\\ \text{Revenue from the sale of books}&\underline{\text{\hspace{11pt}12,000}}\\ \text{}&\underline{\underline{\text{\$\hspace{1pt}319,000}}}\\ \end{array} United Way supportGrant from the stateGrant from the cityContributions from individualsInvestment incomeRevenue from the sale of books$10,00025,00010,000261,0001,00012,000$319,000
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.
Required
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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