(www.washingtonpost.com)

767 points coloneltcb | 1 comments | 25 Apr 25 23:03 UTC | HN request time: 0.199s | source

Show context

vFunct ◴[26 Apr 25 00:46 UTC] No.43799903[source]▶

I have a question on non-profits in general. What exactly is the advantage of being incorporated as a non-profit, when all you have to do to not be taxed as a for-profit corporation is spend all your money each year and not show any profit? It seems you'd have more privacy as a for-profit corporation, since you don't have to disclose donors.

replies(4): >>43799922 #>>43799927 #>>43799966 #>>43805033 #

1. droopyEyelids ◴[26 Apr 25 00:50 UTC] No.43799927[source]▶

>>43799903 #

Eligibility to receive grants & tax deductible donations, public perception & credibility

↑

Wikipedia’s nonprofit status questioned by D.C. U.S. attorney