Nonprofit bold in face of IRS tax-exempt rules
The founder of the 501(c)3 Media Matters for America, David Brock, made a bold admission in a recent op-ed about the group’s association with Sidney Blumenthal, sliding in a claim that seems to fly in the face of IRS rules regarding nonprofits and writing: Yes, we defended former Secretary of State Hillary Clinton from political fury, he said.
The IRS rule regarding 501(c)3 organizations is clear, as the Daily Caller reported: “Under the Internal Revenue Code, all section 501(c)3 organizations are absolutely prohibited from directly or indirectly participating in, or intervening in, any political campaign on behalf of (or in opposition to) any candidate for elective public office. Violating this prohibition may result in denial or revocation of tax-exempt status and the imposition of certain excise taxes.”
But Brock pretty much admitted in a piece posted on the Media Matters blog that his group has done just that.