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Why would they need to change their status just because they have a large revenue from being successful? Girl Scouts, a non-profit, bring in 700 million from s
by lgunsch 8y ago
Why would they need to change their status just because they have a large revenue from being successful?
Girl Scouts, a non-profit, bring in 700 million from selling their cookies. United Way Worldwide, another non-profit, has a revenue of 3.9 Billion.
- FireBeyond 8y agoThat's not an apt comparison. Non-profits are still taxed, and only eligible for some sales tax exemptions (depending on the state - very few in some). Religious organizations are considered tax-exempt.
- lgunsch 8y agoI suppose I was thinking of it from a Canadian perspective. AFAIK, non-profits are generally exempt income tax. edit: In Canada, I meant to say.
- dwd 8y agoMany non-profits are simply corporates who don't pay tax. They often suffer from the same issues of pay disparity paying the executives large salaries while the workers at the bottom are often volunteers. While most non-profits don't simply exist to fund someone's lifestyle (some do) and do provide benefits to society they should have a greater level of scrutiny to receive tax free status. Same should go for churches - particularly ones who preach "give freely and you will receive back 10 fold". There's a weird crossover between Amway and other multilevel marketing organisations and the Pentecostals. Not just the mega concert style of their events but the language they use and the attitudes you come across.