Poynter Online - Tuesday Edition: The Booming Business of Charity

Poynter Online - Tuesday Edition: The Booming Business of Charity: "Tuesday Edition: The Booming Business of Charity
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By Al Tompkins (more by author)


Philanthropy.com says America is in the midst of a charity organization explosion.
It's no wonder people have so many groups to choose when deciding, for example, who to give to help with the tsunami disaster.
About 40 percent of the nation's charities -- or more than 300,000 organizations -- gained tax-exempt status in just the past decade, a growth record that is unprecedented in recent American history. In comparison, during the previous 10 years fewer than 170,000 organizations were granted charity status by the Internal Revenue Service, a designation that allows their donors to receive a tax write-off"