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$11,000Grant from the state25,800Grant from the city10,800Contributions from individuals262,100Investment income2,100Revenue from the sale of books9,400$321,200

Of the $262,100 received from contributors, $241,000 came from four contributors, each of whom gave $60,250; the other $21,100 came from small individual contributions.

Required

1. Calculate the total amount of support that qualifies as "public support" in meeting the public support test to escape private foundation status.

1. Is the organization considered a public charity?

• Yes
• No

1. c-1.If the organization had received $205,000 from one individual, and the remaining $57,100 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.

1. c-2.If the organization had received $205,000 from one individual, and the remaining $57,100 from many small individual contributions, would the NFP still be classified the same as in your response to partb?

• Yes
• No