Let’s get straight to the facts, we are not going to mince words here, PBN is alleging that Media Matters is breaking with the constraints of the 501(c)(3) PC public charity status. This is something PBN has been investigating for several years. To be clear, MM has a rotten anti American agenda, and we want people to know the truth, we believe the truth has an agenda here on PBN and that is for it to be heard. Media Matters is a fascist group, that raises 10s of millions of dollars a year, while giving themselves 100k plus salaries while working as an arm of the Democratic party.Media Matters for America
Washington, DC, United States
Deduct Code PCIn general, an individual who itemizes deductions may deduct contributions to most charitable organizations up to 50% of his or her adjusted gross income computed without regard to net operating loss carrybacks. Individuals generally may deduct charitable contributions to other organizations up to 30% of their adjusted gross income (computed without regard to net operating loss carrybacks). These limitations (and organizational status) are indicated as follows:
|Code||Type of organization and use of contribution.||Deductibility Limitation|
|PC||A public charity.||50%|
Brock’s application for tax-exempt status for Media Matters for America, in PBN’s opinion is a farce. He told the IRS exactly who his group would be fighting against: businesses, wealthy Americans and conservative Christians. PBN has a list of about 35 rules that @MMFA has broken.
Not including how they are defying the regulations on Lobbying
The PC Deduct Code Stands for Public Charity and Allows Media Matters the largest 50% reduction. PBN believes this to clearly be an abuse of the 501(c)(3) Not for profit deduction status.
This is very important to clearly understand; MM is not comporting to the Court or the PC status:
The Court asserts that an exempt organization one that has become a 501(c)(3) must “demonstrably serve and be in harmony with the public interest,” must have a purpose that comports with “the common community conscience,” and must not act in a manner “affirmatively at odds with the declared position of the whole Government.” Taken together, these passages suggest that the primary function of a tax-exempt organization is to act on behalf of the Government in carrying out governmentally approved policies.
Media Matters for America is clearly not deserving of the PC (Public Charity) status they have managed to garner
@MMFA is breaking their 501(c)(3) PC tax code laws.