IRS: Embezzlement, Theft Take a Bite of Charity Assets
Public charities are exempt from taxes, but they are not exempt from the diversion of their assets from their intended charitable purpose, often by embezzlement or theft.
IRS Study Finds Well-Governed Charities More Tax Compliant
The IRS has maintained that a direct relationship exists between exempt organizations' good governance practices and their compliance with the tax code. Now the agency has research to back up its contention.