In today’s rundown: Figuring out the D.C. budget and its impact on residents, agencies and organizations. | Up to one-fourth of all U.S. non-profits could lose their tax exempt status next month. | A Grantee Partner is profiled for the way it’s using social media to reach supporters.
— The DC Fiscal Policy Institute has released its budget toolkit for the 2011 fiscal year. The toolkit helps users figure out what’s in the D.C. Council’s budget and shows year-to-year funding changes for city agencies as well as a schedule of budget hearings. Click here to check it out.
— Next month, about a quarter of U.S. nonprofits will lose their tax exemptions because of a provision buried in a 2006 federal bill aimed at pension reform. The law required all nonprofits to file tax forms beginning in 2007. Prior to that, only nonprofits with revenues of $25,000 or higher had to file. The new law also directed the IRS to revoke tax exemptions for organizations that failed to file for three years. Click here to read why this is being called “an unholy mess.”
— “All Things Considered” profiled Grantee Partner Northern Virginia Family Services in a story about the challenges nonprofits face when they integrate social media into the ways in which they reach supporters. Click here for the story.
