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Understanding Unrelated Business Income in Nonprofits

The Charity CFO

However, as detailed in Publication 598 of the Internal Revenue Service, income not directly related to their declared charitable purpose is subject to federal taxation. Example 1: Selling food and beverages. The money earned goes towards paying back the expenses used to obtain the food for its members to work on their mission. .

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The Break with Corporate Neoliberalism That Wasn’t—The Biden Years

NonProfit Quarterly

Image credit: Getty Images on Unsplash+ In May 2024, demand for food pantries in the Chicago area reportedly had risen 26 percent , a year after food stamp benefits had been cut nationally by an average of $328 per family of four. Taxation also did not significantly change. Did Biden and his team want to be transformational?