Re:Ask HN: What do you think of the Wordle guy not monetizin...
by adrian_mrd on Thursday January 13, 2022 @08:55AM
(#29920747)
You are confusing the terms loss (revenue < expenses) with not-for-profit.
In the context of organizations, not-for-profit doesn’t mean they are designed to be not profitable; rather, it means their primary goal is focused on other goals than making the most amount of profit possible.
It’s also a misnomer that not-for-profits can’t make profits, it’s just that those profits are not distributed to the capital (owners, investors) of the organization.
In the context of organizations, not-for-profit doesn’t mean they are designed to be not profitable; rather, it means their primary goal is focused on other goals than making the most amount of profit possible.
It’s also a misnomer that not-for-profits can’t make profits, it’s just that those profits are not distributed to the capital (owners, investors) of the organization.