CJR
Although the press is worthy of mention in the Constitution, it’s not one of the types of organizations approved for nonprofit status in section 501(c)(3) of the tax code, Ryan Chittum writes. So nonprofit news sites have counted on the IRS recognizing their educational value. “What’s needed to ensure a stable future for nonprofit news is for Congress and the President to approve a new part of the 501(c) statute that specifically exempts non-commercial journalistic organizations.” Other organizations that seem less essential to the democratic process have been exempted: social and recreational clubs and cemetery companies. || Earlier: Nonprofit news orgs wait months longer than usual for IRS approval (Poynter.org)
Uncategorized
CJR: Congress needs to change tax code to account for nonprofit news outlets
More News
Topography of a news ecosystem: A first-of-its-kind study diagnoses the local news crisis in a single state
Media scholars at the University of Maryland documented the spread of local news dead spots — and unexpected vibrant areas — in that state.
April 19, 2024
$12 million Global Fact Check Fund opens applications for second year of grants
A partnership between Poynter’s International Fact-Checking Network and Google and YouTube continues to support fact-checking initiatives worldwide
April 19, 2024
Opinion | A columnist made a controversial introduction to Caitlin Clark
IndyStar sports columnist Gregg Doyel has been crushed online and accused of being creepy, sexist and worse. He’s since apologized multiple times
April 19, 2024
‘Satanic rituals’ at Taylor Swift shows? That’s false. And experts say the attack isn’t new.
Experts say musicians have been accused of performing satanic rituals for decades
April 19, 2024
How a longtime film critic’s death represents the great dissolve of local film criticism
Bryan VanCampen of The Ithaca Times was an institution in the central New York college town of 32,000. He might have been the last of his kind.
April 18, 2024