"I'm not 100% sure but I thought that federal law says that any non-profit
organization must show it's financials when asked."
There is a difference between a non-profit organization and a 501(c) 3
organization. All 501(c) 3 organizations are non-profit, but not the other
way around. Donations made to a 501(c) organization are deductible by the
donors. There are different rules regarding disclosure for a 501(c)
organization.
Some organizations are non profit, but they pay large salaries to senior
employees. On the other side, a number of corporations are organized for
profit but do not rise to the occasion.
This is off topic, but just answers a few statements out there. I guess it
could be relevant if you are thinking of setting up a non-profit radio club
and donate you hi value amp to it.
Colin K7FM
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