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> bill obscene amounts and profit massively Profit how? Your 2 examples of UCHealth and Mayo Clinic are both non-profits.
by mrep 4y ago
> bill obscene amounts and profit massively
Profit how? Your 2 examples of UCHealth and Mayo Clinic are both non-profits.
- butlerm 4y agoNon-profits generally use substantial income in excess of revenues for expansion, just like many for-profit organizations. Excess revenues can also be absorbed in salary and other compensation or cost increases, usually top down of course. The main difference is that non-profit organizations are prohibited by law from making distributions to owner-shareholders. They can spend excess revenues in any number of other ways, starting with the furniture for example.