3 ms·
The word "non-profit" is the problem. People assume it means charity or "company that does good without seeking profit" or some similar variation. Instead, the
by zo1 2y ago
The word "non-profit" is the problem. People assume it means charity or "company that does good without seeking profit" or some similar variation.
Instead, they are basically government-codified vehicles for tax, accounting and coordination purposes that allow laundering of money through plausible salaries and plausible expenses in the process of doing their stated "good deed". The "good" they do is secondary, as they are essentially entities that need want and are encouraged to self-perpetuate. Remember, the salaries and expenses go out first before the actual charity portion.
Without quibbling over definitions and tax-terms, I'd say the same essentially applies to "charities" and "churches" and "religious organizations".