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New Analysis Shows Many Non-Profits Have Lost Tax-Exempt Status
Updated May 5, 2013 1:04 AM | Filed under: WBIW News
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(BLOOMINGTON, IN) - A new analysis from Indiana University shows nearly one in 10 registered Indiana nonprofit organizations lost their tax-exempt status last month.

The report also determined that while many of the nonprofits were no longer operating, a good number appeared to be in existence.

Cemeteries, social welfare organizations and nonprofit business associations suffered the highest rate of revocation.

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