But it's non-profit until it isn't. I've worked in too many companies that have a "charitable arm". And the "charitable arm" ends up being just a vehicle for,

But it's non-profit until it isn't. I've worked in too many companies that have a "charitable arm". And the "charitable arm" ends up being just a vehicle for, as you say, tax efficiency and profit maximisation and ways into markets otherwise barred to for-profit entities. Not actually focused on the point of the charity itself.