Re:What Wikipedia Did
by ThunderSizzle on Sunday May 14, 2023 @10:40AM
(#35938363)
Although non-profit doesn't mean charity. Non-profits simply mean they're income needs to be balanced with their expenses, such as through wasteful (or polarizing) spending in the example of Mozilla.
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Re:What Wikipedia Did
by asadotzler on Sunday May 14, 2023 @03:31PM
(#35940692)
That is not what non-profit means. It means that the IRS does not tax you. There are many different kinds of non-profits and none of them are required to balance income and expenses -- many save far more than they spend and some spend more than they save, they're simply not pulling profits out for investors.
Thats also not what non profit means. There are many kinds of non-profits and some of them aren't exempt. There is a no tax incentive to non profits that qualify (501c), but the definition is, quite literally, that they can't turn a profit. In other words, excess cash cannot be divied out among its owners.