[next_xibalba]

Surely they have never turned a profit and are a long way from being profitable. If so, what taxes, current or back, would they owe?

[verdverm]

Income taxes are not the only tax non-profits are exempted from. Sales and property taxes are others, depending on jurisdiction, California being one such state. I am not familiar if OpenAI-NP has been exempted from these

https://www.fplglaw.com/insights/california-nonprofit-law-es...

[selectodude]

The money they received was tax deductible for the people who “donated it”. They money should have been taxed as income for either the earner or OpenAI.

[verdverm]

I'd be curious if people were actually writing off their OpenAI bills as donations. That would be a big number for the enterprise deals, if they qualify as a donation

[the_duke]

Surely the money coming in would otherwise have been investments exchanged for stock, which are not taxed until gains are realized.