I think it's close to the way the Apache Foundation or the CNCF operate. In fact, at one point, US life insurers that operated as mutual organizations did make

I think it's close to the way the Apache Foundation or the CNCF operate. In fact, at one point, US life insurers that operated as mutual organizations did make an argument they should be classified as non-profits and not have to pay income tax, but that didn't seem to work.