1) It provides some benefit to the community 2) It can make a profit. But that cannot be distributed to the owners, it has to be reinvested in the non-profit (however, owners can work for the non-profit and collect a "reasonable" salary) 3) The owners get a lot of protection from liability. 4) It is exempted from paying some or all state and local taxes
I think the question is whether the community receives sufficient benefit from the non-profit's activities to offset the loss of tax revenue. It seems to me that instead of a blanket exemption, the non-profit should have to document the value of that benefit and get a tax credit for that amount. But (as you say) that's a big can of worms.
Does my local watershed association's river cleanup activities benefit me enough to offset the property tax on their headquarters? I might think so; the jerk who tosses a few old tires over a bridge railing might disagree.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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