Unrelated business income tax returns, 2004.

From: Statistics of Income. SOI Bulletin | Date: January 1, 2008| Author: Riley, Margaret | Copyright information

The aggregate "unrelated business" income tax (UBIT) liability of nonprofit charitable and other types of tax-exempt organizations rose 66 percent between Tax Years 2003 and 2004. These organizations may engage in activities considered unrelated to their tax-exempt missions, but income produced from these activities is subject to Federal taxation. (1) Of the 38,040 organizations that were required to file Forms 990-T, Exempt Organization Business Income Tax Returns, for Tax Year 20...

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