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US Slavery Museum's Tax-Exempt Status Revoked

Us Slavery Museum

02/23/12 08:56 AM ET  AP

RICHMOND, Va. -- The U.S. Slavery Museum has lost its federal tax-exempt status.

The move means the Fredericksburg, Va., museum envisioned by former Gov. L. Douglas Wilder can't receive tax-deductible charitable contributions.

Nonprofit groups must file a return or notice annually to the IRS. The IRS revokes a nonprofit's tax-exempt status if it fails to file for three consecutive years. The museum last filed a federal return in 2007.

The IRS says organizations may apply to regain their tax-exempt status.

The museum is in chapter 11 bankruptcy while it reorganizes its $7 million debt.

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