About $11k raised for Kyle the Kid so far. I just chipped in, hope some of you will join me. (fundly.com)
submitted 4.6 years ago by Splooge
view the rest of the comments →
thisgoyfux 4.6 years ago
20% to non-profits my ass. I'm fine paying webhosting costs and throwing 0.5% to the webhost for operational costs, but 20% is the same rate as usury. Fuck that. It should be 99.5% to Kyle.
cyclops1771 4.6 years ago
Yeah, this fucker is raking 20% off the top for himself - notice that the poster lists themselves as a "non-profit."
RoundWheel 4.6 years ago
Non-profit only means profits are reinvested back into itself. This is why most all non-profits are scams.
Belrick 4.6 years ago
Not even. No profit typical means huge wages and board of directors salaries.
That's the "reinvestment."
People confuse non-profit with charitable. This confusion is specifically why scam charities choose to be a non- profit.
No. The profit made isn't reinvested. It is distributed to the management who pay taxes upon those profits as income tax.
Company sells product. Empathy.
Company becomes zero profit by distributing some of the sales to the cause of empathy but mostly to owners and staff.
Company uses non profit label to promote empathy sales
view the rest of the comments →
thisgoyfux ago
20% to non-profits my ass. I'm fine paying webhosting costs and throwing 0.5% to the webhost for operational costs, but 20% is the same rate as usury. Fuck that. It should be 99.5% to Kyle.
cyclops1771 ago
Yeah, this fucker is raking 20% off the top for himself - notice that the poster lists themselves as a "non-profit."
RoundWheel ago
Non-profit only means profits are reinvested back into itself. This is why most all non-profits are scams.
Belrick ago
Not even. No profit typical means huge wages and board of directors salaries.
RoundWheel ago
That's the "reinvestment."
People confuse non-profit with charitable. This confusion is specifically why scam charities choose to be a non- profit.
Belrick ago
No. The profit made isn't reinvested. It is distributed to the management who pay taxes upon those profits as income tax.
Company sells product. Empathy.
Company becomes zero profit by distributing some of the sales to the cause of empathy but mostly to owners and staff.
Company uses non profit label to promote empathy sales