Question: 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 Grant from the

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 Grant

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 Grant from the state Grant from the city Contributions from individuals Investment income Revenue from the sale of books $ 9,500 24,500 9,600 260,600 1,100 11,600 $316,900 Of the $260,600 received from contributors, $239,400 came from four contributors, each of whom gave $59,850; the other $21,200 came from small individual contributions Required a. Calculate the total amount of support that qualifies as "public support" in meeting the public support test to escape private foundation status Contributions: Public Support 0

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