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What types and how long do 501(C3) corporations retain records? I am involved with such an organization. They make a ton of small local purchases - things like $8.51 from a grocery or office supply store. All those register tapes are different sized and often fade to the point of being unreadable in a few months. If we keep a Quicken register of expenditures is that adequate? If it matters the total annual budget is in the range of $100K.

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