Non-profits in danger

More than 6,000 of them in L.A. County have not filed the required paperwork to maintain their tax-exempt status, and the deadline is May 17. A change in the federal law requires all non-profit organizations to file a 990, regardless of size. From the Daily Breeze:

About a quarter of the nation's 1.6 million nonprofits will be affected by the change. Organizations can also file an extension using Form 8868, but they still have to meet the deadline. Thousands apparently don't have a clue about the change. "This could be the largest loss of organizations in the last 80 years," said Jon Pratt, executive director of the Minnesota Council of Nonprofits. "We're trying to get the word out."

All this is a reminder of how many non-profits are located in the L.A. area, many of them small and barely functioning. The National Center for Charitable Statistics has a database of nonprofits that have yet to file.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
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