The Urbana-Champaign IMC received notice yesterday that it has become the first Indepdent Media Center to acheive federal tax-exempt, non-profit status. This is an important step forward for the Urbana IMC, making it easier to raise funds because contributors can now deduct them from their taxes. It is significant because it places the IMC on a par with other community organizations, and is a demonstration that the service and outreach it provides is indeed valuable. This acheivement is also important for the entire Indymedia movement, which is increasingly coming under fire from the rich and powerful, as you can see in the previous story. I hope that the U-C IMC can serve as a model and provide guidance to other IMCs and grassroots organizations looking to take this step.
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