3 ms·

In between. They're run by not-for-profits.

• nottorp 6y ago
  Multi billion dollar not-for-profits? :)
  • hardsoftnfloppy 6y ago
    As long as you spend all the profit... it’s non-profit
  • woofie11 6y ago
    Yes. ETS, ACT, College Board, etc. are all not-for-profits. The not-for-profits means individuals can't get limitlessly rich off of it, and there is no fiduciary duty to maximize shareholder value. They're not perfect -- plenty of people make multimillion salaries at not-for-profits -- but you don't get hundreds of millions or billions of personal profit from a not-for-profit. There are plenty of many-billion-dollar not-for-profits, especially in education and in medical.