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$$10,000$ Grant from the state $25,000$ Grant from the city $10,000$ Contributions from individuals $261,200$ Investment income $1,000$ Revenue from the sale of books $12,000$ total $=$ $$319,000$ Tap the table to full screen Of the $$261,000$ received from contributors, $$240,000$ came from four contributors, each of whom gave $$60,000$ ; the other $$20,100$ came from 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.

Is the organzation considered a public charity? Why?

If the organzation had received $200,000$ from one indivdiual and the remaining $61,000$ from many small individual contributions, would the not$-$to$-$profit entity still be classifed as the same as in your respone to the second bullet point?