4 ms·
What defines a non-profit is that none of the income it generates should go to members, directors, or officers; and not that it can't sell stuff. [0] Most if no
by princekolt 9y ago
What defines a non-profit is that none of the income it generates should go to members, directors, or officers; and not that it can't sell stuff. [0] Most if not all non-profits I know sell stuff to pay the bills.
[0]: https://www.law.cornell.edu/wex/non-profit_organizations https://www.law.cornell.edu/wex/non-profit_organizations
- roel_v 9y agoThat's for US law, unrelated to this case.
- jimktrains2 9y agoPedantic, but income can and does go to employees through salary. Profit is not split among share holders and must be reinvested or saved.