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

(www.washingtonpost.com)
767 points coloneltcb | 1 comments | 25 Apr 25 23:03 UTC | HN request time: 0.237s | source
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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.
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1. dragonwriter ◴[26 Apr 25 00:57 UTC] No.43799966[source]▶
Charity non-profits -- 501c3 organizations -- have donations that are tax deductible for their donors. Other kinds of nonprofits have other advantages to their stakeholders, but usually the attention around "nonprofits" is specifically about 501c3 orgs.