for-profit entities are also not required to make their finances transparent to anyone until they reach certain milestones (for large private companies, shareho

for-profit entities are also not required to make their finances transparent to anyone until they reach certain milestones (for large private companies, shareholder count. Alternatively, going public). The financial filing rules for 501(c)(3)'s (I have no idea if that's what HJ is) are substantially more rigorous than for C or sub-S corps w/ small number of shareholders.