Yes!!! We live in a rural county...popul @25,000...I asked AI to name 501c3s in our zip code...it could not, because complicated, but it DID indicate there are 100s of them!!!
They still have to file. Get a hold of those filings and be prepared to scream when you find out they all made a PROFIT. Tax exempt does not = NON PROFIT. Its a word game. Go look at your YMCA’s books. Ask any CPA what revenue above operating expenses is called.