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by BanTheBastards
943 days ago
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> They are registered as a 501(c)(3) which is what people commonly call a public charity. Why do they do that? Seems ridiculous on the face of it. Nothing about 501(c)(3) entails providing any sort of good or service to society at large. In fact, the very same thing prevents them from competing with for-profit entities at providing any good or service to society at large. The only reason they exist at all is that for-profit companies are terrible at feeding, housing, and protecting their own labor force. |
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Sure it does:
https://www.irs.gov/charities-non-profits/charitable-organiz...