This is the time of year when we think charitable thoughts about those less fortunate than ourselves and, if we can afford it, give to charities to help such people. But there are some charities that are hardly charitable.
Excerpt from IRS form 990 submitted by Mercy Housing showing amounts paid to its top staff members. Click image for a larger view.
In order to qualify for tax-deductible donations, non-profits must persuade the Internal Revenue Service that they are a charitable organization. Such organizations, says the IRS, are “organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, educational, or other specified purposes.” Continue reading
