...mutual ditch or irrigation companies, mutual or cooperative telephone companies, or like organizations ; but only if 85 percent or more of the income consists...for the sole purpose of meeting losses and expenses. (13) Cemetery companies owned and operated exclusively for the benefit of their members or which are...

...irrigation companies, mutual or cooperative telephone companies, or like organizations; but only if 86 percent or more of the income consists of amounts...for the sole purpose of meeting losses and expenses. § 1.501 (c) (12)-1 Local benevolent life insurance associations, mutual irrigation and telephone companies,...

...mutual ditch or irrigation companies, mutual or cooperative telephone companies, or like organizations; but only if 85 percent or more of the income consists...members for the sole purpose of meeting losses and "2As to the tax on "unrelated business income" of exempt organizations, see p. 464. 2» 1967-1 Cum....

...through such payments) to the benefit of any private shareholder or individual, and (ii) 85 per centum or more of the income consists of amounts collected from members for the sole purpose of making such payments and meeting expenses; "(D) Service performed in the employ of a voluntary employees'...

...exemption under section 101 (10) that at least 85 percent of the income of the organization shall consist of amounts collected from members for the sole purpose of meeting losses and expenses. If an organization issues policies for stipulated cash premiums, or if it requires advance deposits...

...(other than through such payments) to the benefit of any private shareholder or individual, and (B) 85 percent or more of the income consists of amounts collected from members and amounts contributed to the association by the employer of the members for the sole purpose of making...

...(other than through such payments) to the benefit of any private shareholder or individual, and (B) 85 percent or more of the Income consists of amounts collected from members and amounts contributed to the association by the employer of the members for the sole purpose of making...

...(other than through such payments) to the benefit of any private shareholder or individual, and (B) 85 percent or more of the income consists of amounts collected from members and amounts contributed to the association by the employer of the members for the sole purpose of making...

...(other than through such payments) to the benefit of any private shareholder or individual, and (B) 85 percent or more of the income consists of amounts collected from members and amounts contributed to the association by the employer of the members for the sole purpose of making...

...income taxation only if at least 85 percent of its gross income, computed on a yearly accounting period, consists of "amounts collected from members for the sole purpose of meeting losses and expenses." In Rev. Eul. 74-362, 1974-2 CB 170. the Internal Revenue Service took the position that amounts earned...