The IRS removed the North Carolina NAACP’s tax-exempt status on May 15 after the organization failed to file tax returns for three consecutive years. The IRS also reported that many local NAACP branches across the state had their tax-exempt status revoked for the same reason.
Any organizations that fail to report taxes for three consecutive years are automatically placed on the IRS’s Auto-Revocation List.
The News & Observer broke the story this week, revealing that the North Carolina chapter has faced several conflicts within the last several years, including disciplinary action from the national organization.
A Raleigh tax attorney and former IRS associate chief counsel, Jack Cummings, told the N&O that NC NAACP’s income will be taxed moving forward and that failing to file additional returns could result in fines.
The news outlet reported that experts said the revocation could hinder the NC NAACP’s ability to fundraise.
In 2019, the national organization placed the North Carolina chapter under an “administratorship” because of financial mismanagement allegations. The administratorship removed power from local leaders and handed it over to the national organization.
Audit them all, from sea to shining sea. Every single one.
BAN the RACIST NAACP !!!!!!
Ban AFFIRMATIVE ACTION & have Real Equality for ALL !!!!! Yes, Including WHITES !!!!!!
And the NAACP want to run the nation….arrogance and incompetence make for bad mix.