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torwayburger | 5 years ago

My understanding is that they're registered as a charitable organization, not a non-profit. These terms are often used interchangeably, but from a tax and earnings perspective they mean different things. This is often further confused with not-for-profit organizations, which is yet another thing.

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dragonwriter|5 years ago

> My understanding is that they're registered as a charitable organization, not a non-profit.

That's impossible in the US; “charitable organizations”—501(c)(3)—are a subset of nonprofits—501(c).

kgwgk|5 years ago

501(c)(4)

torwayburger|5 years ago

Right, not the same as 501(c)(3), was my point exactly.