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...the problem is that the test for charitable status has not all that much to do with working for/against humanity's best interests. One aspect is not generat
by stakhanov 7y ago
...the problem is that the test for charitable status has not all that much to do with working for/against humanity's best interests. One aspect is not generating a profit. The other aspect puts "science" and "religion" in the same category. I think that just about sums it up.
- dragonwriter 7y ago> One aspect is not generating a profit. Incorrect. The “nonprofit” part means not returning a profit to investors or other stakeholders. It has nothing to do with generating profits or not.
- stakhanov 7y ago...in the accounting sense YES. But in a deeper sense: If a tree fell in a forest and no one was there to see it happen, did the tree really fall? If a profit is generated that is not returned and not allowed to ever be returned, is the profit not just a loss waiting to happen? Deep shit right there. Truly deep shit.