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s1artibartfast11/21/20241 replyview on HN

What laws are you worried about specifically? You could run a non-profit giving million dollar spa days.


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ndriscoll11/21/2024

You can't run a 501(c)(3) giving million dollar spa days though. If you're actually running e.g. a 501(c)(7) social club, then your investment income is taxable, and there are limits on unrelated business activities. If you're an educational nonprofit and your purported spending on education is wildly out of line with what it costs elsewhere, that should raise eyebrows as to whether that money is being spent on education.

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