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They're not officially a non-profit, they're a limited company. Obviously they can still operate as such - that's down to the board how they distribute profits
by choult 2y ago
They're not officially a non-profit, they're a limited company. Obviously they can still operate as such - that's down to the board how they distribute profits via dividends, so they might choose to do so.
A true non-profit company in the UK would be a registered Community Interest Company, or a registered Charity.
- ihid 2y agoHello. This isn't actually correct. Exercism is a Company Limited by Guarantee. It has no shareholders. It can't pay dividends. Community Interest Companies do have sharedholders and can pay dividends. CIC's are definitely not charities in the scope of the word that you're using it.