3 ms·
> This strikes at an issue we haven't really addressed enough in non-profits: how much community benefit do they need to offer? A non-profit simply means that t
by sarchertech 3y ago
> This strikes at an issue we haven't really addressed enough in non-profits: how much community benefit do they need to offer?
A non-profit simply means that there are no investors who can profit from the business.
Non-profit and tax exempt aren’t the same thing. A non-profit must apply for tax exempt status and the IRS will look at things like public benefit vs private benefit, diversity of control etc…
A vanity hospital that is controlled by 1 person who tends to put his his name on everything, and that benefits the person running it more than the public could lose their tax exempt status.