Hacker Newsnew | comments | ask | jobs | submitlogin
butterflyhug 444 days ago | link | parent

There are such laws on the books in at least some U.S. jurisdictions, but it doesn't really cause anybody to lose their tax status because there are legal workarounds. It is very common for a nonprofit organization's Articles of Incorporation (and any other legally-binding statements of purpose) to be written like this:

"This benevolent, charitable and eleemosynary institution has been organized [...under the appropriate state law for a charitable organization...] and shall be operated exclusively for charitable, religious, educational, literary, or scientific purposes within the meaning of ยง501(c)(3) of the U.S. Internal Revenue Code of 1986 as the same may be amended from time to time. Within the foregoing purposes and not by way of limitation, [the organization shall perform its core mission]."




Lists | RSS | Bookmarklet | Guidelines | FAQ | DMCA | News News | Feature Requests | Bugs | Y Combinator | Apply | Library

Search: