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Shadys_Back on scored.co
12 hours ago3 points(+0/-0/+3Score on mirror)
> They are actually registered as nonprofits but do nothing at all ...
The IRS imposes absolutely NO standards on "non-profits" except that they keep records of their spending. There is no law that states they even have to spend 1% of the money they collect on their stated purpose. There's not even a cap on payroll, which is why all the biggest "non-profits" have million-dollar payrolls and dozen VPs connected to Wall Street and politics. The Susan G. Komen foundation has been one of the worst offenders for decades. They're ALL scams!
The IRS imposes absolutely NO standards on "non-profits" except that they keep records of their spending. There is no law that states they even have to spend 1% of the money they collect on their stated purpose. There's not even a cap on payroll, which is why all the biggest "non-profits" have million-dollar payrolls and dozen VPs connected to Wall Street and politics. The Susan G. Komen foundation has been one of the worst offenders for decades. They're ALL scams!