Question: Exercise 1 3 - 1 9 ( Algo ) Public Charity [ LO 1 3 - 3 ] The Let's Read organization is a public
Exercise Algo Public Charity LO
The Let's Read organization is a public charity under IRC section c It had total support of the following:
United Way support$Grant from the stateGrant from the cityContributions from individualsInvestment incomeRevenue from the sale of books$
Of the $ received from individuals, $ came from four contributors, each of whom gave $; the other $ came from small individual contributions.
c If the organization had received $ from one individual, and the remaining $ 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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