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by dragonwriter
3401 days ago
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> IIRC non-profits can't make and keep profits. Non-profits can make surplus revenues over costs and retain them; they can't return profits to shareholders or other particular beneficiaries. Certain classes of nonprofits are restricted from certain business activities, or limited to certain activities. E.g., charities (501c3 nonprofits) must be organized and operated exclusively for purposes on an list of charitable purposes. |
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