Reply To: Frum non profit organizations disclosing financials.

Reb Yosef: I recall that Lois Lerner (an expert on tax-exempt giving and former senior lawyer at the IRS dealing with tax-exempt organizations) had stated in a recent article that the IRS and NYS law BOTH require a fairly high level of disclosure of such administrative overhead and fundraising costs by a 201(c)(3) organization. The underlying application is also subject to public disclosure once approved by the IRS.