A public charity is:
A) An organization founded and operated exclusively for public benefit
B) An organization that receives more than one-third of its support from a combination of contributions, membership fees, and gross receipts from exempt activities
C) Neither A nor B
D) Both A and B

Question

Quizplus · Accepted Answer

A public charity is both founded and operated exclusively for public benefit (A) and receives more than one-third of its support from a combination of contributions, membership fees, and gross receipts from exempt activities (B). Therefore, D is the correct answer.

A Public Charity Is