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Oversight Responsibility Over Not-For-Profit Corporations

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Why do states and the federal government exercise oversight responsibility over not-for-profit, tax-exempt corporations? How do states and the federal government differ in the way they exercise this responsibility?

© BrainMass Inc. brainmass.com October 16, 2018, 2:26 pm ad1c9bdddf - https://brainmass.com/business/business-philosophy-and-ethics/oversight-responsibility-over-not-for-profit-corporations-493737

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States and the federal government exercise oversight responsibility over non-profits because there has to be a degree of protection for the public. If there was no oversight, the non-profits would basically be an unregulated industry, which would make the non-profits prone to fraud and corruption. By demanding oversight take place from the state and federal governments, the public remains protected and investors ...

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Why do states and the federal government exercise oversight responsibility over not-for-profit, tax-exempt corporations? How do states and the federal government differ in the way they exercise this responsibility?

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