SeattleAltruist
SeattleAltruist on Hacker News
https://www.amazon.com/STARTUP-SALES-FIELD-NOTES-Methodology...
Wait... which is it?
Error 1: "In the US, non-profits are heavily regulated in their operations..."
Correction: There are no more or less regulations than other sectors, but there is almost ZERO enforcement, so if anything, the nonprofit sector is more accurately described as very lightly regulated.
Error 2: ", and exempt from income tax."
Correction: Nonprofits are NOT exempt from income tax on revenue from earned activity that is not mission related, known as Unrelated Business Income.
Error 3: "Across the many different structures, though, non-profits have one thing in common: They don't have owners."
Correction: Oversimplification - nonprofits are run and functionally owned by a board of directors, people who hire and fire the CEO, decide how revenue is allocated, and approve any merger or dissolution. Nonprofits can also own for-profit subsidiaries (see OpenAI) so there are a lot of gray areas here.
In sum, nonprofit status is far more complex that OP thinks and there are a ton of opportunities for skulduggery - just because Ghost is a nonprofit does NOT mean it is free of conflicts or other bad things than companies do.
If Ghost really wants to demonstrate its transparency, it should publish its tax returns (IRS form 990) and also an itemized P&L -- then they can stake a claim to being holier than the typical business.
People often think that "non-profit" means that the company can't make a profit. It actually means that the company doesn't have any owners who can personally take the profits. Any revenue earned can only be reinvested.
best article on the subject is prolly https://hbr.org/2018/04/your-strategic-plans-probably-arent-...
Pretty wild how sloppy
Don't understand how AirScrewYouAndB is still in business.
A recent BGC study estimates that, in Seattle, for example, HMIS data doesn't include up to 40% of people in encampments.
Garbage In -> Garbage Out. Pretty sweet effort, though. Wish the feds were smart like this.