Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

> Why would they voluntarily give themselves federal tax exposure if they were able to avoid it?

Right. That wouldn't be particularly smart, even to someone who doesn't fully understand the ins and outs of tax/corporate law. Is it possible that perhaps they _do_ have their 501c3 designation and are just communicating it poorly?

Lack of positive confirmation that they are a 501c3 != positive confirmation that they are _not_ a 501c3





No, you misunderstand.

All 501c3 are publicly listed. They are not on the list. We have positive confirmation that they are not a 501c3, right now, nor have they ever been one.

The possibility suggested earlier was that they have applied but are not yet a 501c3. I lack positive confirmation that they have never attempted to become a 501c3.

Since it has been two years since they became a nonprofit, I think that implies they either have no intention of becoming a 501c3 or else tried to become one and failed because they did not meet the criteria. But technically it is possible that it is just delayed.


Ah, I see. I don't think I realized that 501c3 are publicly listed and that we do have positive confirmation that they aren't on that list. Thanks for clarifying.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: