Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Sorry to say it, but nonprofits operate for profit businesses all the time a few different ways. Educational institutions, hospitals, charities, science, public safety, etc all can apply for 501c3. See healthcare orgs like Kaiser Permanente for example, they are 100% for profit 'medical groups'/partnerships, funded by the HQ, which operates under nonprofit status for tax purposes, by following all the laws re: 501c3. The private child operations are not considered part of the 501c3. The profit from the nonprofit parent is reinvested into the company 100%, but the private org 'partnerships' that are not hospitals are definitely for profit. OpenAI.org did the exact same thing. If you have a lot of money in the US, you don't have to pay tax thru creative accounting, which is non-competitive.



Ikea is this way as well.




Consider applying for YC's Fall 2025 batch! Applications are open till Aug 4

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: