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Yupster

(14,308 posts)

1. Salary is a business expense

Reply to white_wolf (Original post)

Fri Feb 3, 2012, 02:34 AM

Feb 2012

Profit is money left over after all business expenses are paid.

So you could have a non-profit take in $ 600,000 in donations, pay out $ 500,000 to its staff, pay $ 80,000 for operationas and fundraising and give $ 20,000 to the actual charitable purpose.

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A possibly stupid question about non-profit charities. [View all] white_wolf Feb 2012 OP

Salary is a business expense Yupster Feb 2012 #1

Yep, you hit the nail on the head. n/t Tx4obama Feb 2012 #3

Many sadly do exactly that. avaistheone1 Feb 2012 #7

Worst part is... Capitalocracy Feb 2012 #8

Not quite. TheWraith Feb 2012 #9

An example is the article regarding Rick Santorum's charity below Tx4obama Feb 2012 #2

Salaries are considered a business expense. So, not profit. Critters2 Feb 2012 #4

Charity Navigator is a good place to evaluate a non-profit bhikkhu Feb 2012 #5

spend all the money on yourself as expenses and...voila! no profit. that's how they work it nt msongs Feb 2012 #6

Non-profit is a misnomer lillypaddle Feb 2012 #10

Whenever you see those celebrity pics... meaculpa2011 Feb 2012 #11

Not all famous people are like that. Some are righteous, others are far worse than you Bluenorthwest Feb 2012 #15

The term "non-profit" has almost. sendero Feb 2012 #12

the owners don't make a profit alc Feb 2012 #13

It's not stupid. "Non-profit" just means no profits are returned to... TreasonousBastard Feb 2012 #14

Well the President gets paid $400,000 for running the country.... Bluenorthwest Feb 2012 #16

They get paid what... meaculpa2011 Feb 2012 #18

Most large teaching hospitals are "non-profit" AngryAmish Feb 2012 #17

The President of my local "Public University" makes just shy of $1 million/year. nt Romulox Feb 2012 #19

.. mdmc Feb 2012 #20