Jim Klocke, CEO of the Massachusetts Nonprofit Network, said he isn't sure how many charities were affected, but he called the glut of revocations "a very serious issue that needs to be resolved by the IRS immediately."
Massachusetts nonprofits reported losing more than $8.6 billion in revenues because of the COVID-19 pandemic, and more than half said in a recent survey that they’ve made reductions to their workforce.
Nationally, nonprofits are concerned there may be a repeat of 2018, when individual giving dropped by $3 billion, largely because of the 2017 federal tax law that eliminated the charitable contribution tax deduction, mostly for middle-income...
Michael Weekes, CEO of the Providers' Council, said many community service groups — which are often contracted almost entirely by the state for service but at a rate lower than directly employed state workers — have staff vacancies of 25 to 40...
The Massachusetts Nonprofit Network on Tuesday declared its opposition to the tax. "It's a bad idea - for Massachusetts, and for everyone served by nonprofits in Massachusetts," Jim Klocke, CEO of the nonprofit network, said in a statement.
"Many of these are low-paid positions that require significant education and training, and this program helps to recruit and retain these highly qualified people in our sector," said Michael Weekes, president and CEO of the Providers' Council,...