April 6, 2009

SCRUTINY: IRS Probes NonProfit Pay Practices. “Nonprofit pay packages pale in comparison to some of those doled out to Wall Street executives. But a series of charity scandals in the past few years has focused attention on executive pay. Republican Sen. Charles Grassley of Iowa, the ranking member of the Senate Finance Committee, has questioned some nonprofit executive pay practices. Others have said charities’ tax-exempt status – essentially a large taxpayer subsidy – could give rise to more scrutiny in the current political climate.”

As I’ve noted before on more than one occasion, the nonprofit sector enjoys far less scrutiny and transparency than the for-profit sector, yet it’s grown immensely. That suggests that there’s probably plenty of chicanery out there to be uncovered.

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