Private nonprofit organizations benefit from such legal advantages as tax-deductible contributions and exemptions from most sales and real-estate taxes.

Question

Quizplus · Accepted Answer

Private nonprofit organizations are typically exempt from federal income taxes, and contributions made to them are tax-deductible for the donor. Additionally, they often enjoy exemptions from state and local sales and real-estate taxes, which are significant financial advantages.

Private Nonprofit Organizations Benefit from Such Legal Advantages as Tax-Deductible