Question: Green Haven is an organization whose earnings are exempt from federal and state income taxes. Individuals who contribute money to the organization can avail the

Green Haven is an organization whose earnings are exempt from federal and state income taxes. Individuals who contribute money to the organization can avail the benefit of tax deduction. However, the organization is barred from distributing dividends to its members. Given this information, Green Haven is most likely a

(

)

.

statutory close corporation.

. S

corporation.

.

C corporation.

.

not

-

for

-

profit corporation.

Green Haven is an organization whose earnings are exempt from federal

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