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A comment on Exercise has 2M users but no money in the bank. Parent comment

Re:Exercise has 2M users but no money in the bank by choult on Friday September 06, 2024 @05:17AM (#41464396)
They're not officially a non-profit, they're a limited company. Obviously they can still operate as such - that's down to the board how they distribute profits via dividends, so they might choose to do so.

A true non-profit company in the UK would be a registered Community Interest Company, or a registered Charity.

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Re:Exercise has 2M users but no money in the bank by ihid on Friday September 06, 2024 @06:49AM (#41464886)
Hello. This isn't actually correct. Exercism is a Company Limited by Guarantee. It has no shareholders. It can't pay dividends.

Community Interest Companies do have sharedholders and can pay dividends. CIC's are definitely not charities in the scope of the word that you're using it.

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