Question: Exercise 1 3 - 1 9 ( Algo ) Public Charity [ LO 1 3 - 3 ] The Let's Read organization is a public

Exercise 13-19(Algo) Public Charity [LO 13-3]
The Let's Read organization is a public charity under IRC section 501(c)(3). It had total support of the following:
United Way support$9,200Grant from the state23,900Grant from the city9,000Contributions from individuals259,900Investment income1,900Revenue from the sale of books10,800$314,700
Of the $259,900 received from individuals, $238,800 came from four contributors, each of whom gave $59,700; the other $21,100 came from small individual contributions.
c-1. If the organization had received $195,000 from one individual, and the remaining $64,900 from many small individual contributions, calculate the total amount of support that qualifies as public support in meeting the public support test to escape private foundation status.

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