There really is no such thing as “nonprofit”. These behemoths rake in the dollars tax free and are subsidized. They make a very tidy profit. It’s all disclosed by law.
There really is no such thing as “nonprofit”. These behemoths rake in the dollars tax free and are subsidized. They make a very tidy profit. It’s all disclosed by law.
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Yes. The name is misleading. They make profits, they just don’t have to pay any income taxes on it. In addition, they often get breaks on property taxes and better interest rates on loans.