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by dragonwriter 2845 days ago
> PLoS is a non-profit with publishing fees up to $3000, so I think their point is that high costs are not simply profit

“Non-profit” does not mean an organization does not earn profits. It means that it is not a vehicle for returning profits to particular stakeholders (owners, shareholders, LLC members, etc.)

1 comments

And I'd add that it's also not particular proof of efficiency. Non-profits can be amazingly effective at using money to further their missions. They can also be enormous boondoggles.