Psudo-Non Profit

Basics

• A Non Profit that still makes profit, but does accounting in such a way that they can appear to be making no profit
• Mainly an issue of lack of Oversight / Transparency
• This may be helped via the Open Budgeting Standard , existing similar things, and future government / multi-state action along these lines

External Links

• The Wikipedia Page on Charity Fraud
• The Wikipedia Page on "Badge Charity"
• Charity Assessment
• A Video by the News Show " Last Week Tonight with John Oliver " Titled "Televangelists" (It essentially goes over cases wherein churches (a type on non profit, under USA law) are used to enrich the owners) (They went so far as to file the paperwork for and (for a short period) run "Our Lady of Perpetual Tax Exemption", before donating the money raised to Doctors Without Borders]