8 ms·
Only a for profit organisation can siphon off profit out of the organisation and give it to ownership. Either a for profit organisation or a not for profit org
by austhrow743 6y ago
Only a for profit organisation can siphon off profit out of the organisation and give it to ownership.
Either a for profit organisation or a not for profit organisation can reinvest profit to expand operations. In fact given the inability to do the first item, that's pretty much all not for profits ever choose to do with it. Sure they could maintain level of current service and reduce revenue, but none really choose to. Never seen one with a "no longer taking donations, we're good" page up.
So given those two things, it's nonsensical to say
>We are a for-profit business. When we make profit, we can use that to hire more great people, and build even more.
However it gets even more ridiculous given that neither profit status nor expansion were the core topic of the post. The author didn't need to mention nor try to justify the for profit status of the organisation. So they went out of their way to shoehorn this nonsense line in for no reason.
- bobsmooth 6y agoI think I see where you're coming from. I don't think the author was trying justify being a for-profit. I read that line as "We are a business. Businesses exist to make money, not for social advocacy" But in more flowery language.