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  • @vapeloki
    3•8 hours ago

    Here in Germany, a non-profit is not allowed to do any profit

    That is just not true… You are not allowed to pay your profits to anyone, but investing it or building reserves is absolutely permitted and a really important thing to do especially if you’re dependent on donations…

    As mentioned, it is of course more complicated. But I guarantee you, that german courts and the “IRS” will revoke your non profit status if you pay 20 millions to your CEO. I was chairman in a few german non profits, and the requirements are high.