this post was submitted on 28 Feb 2024
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So like, where do they lose money?
Somehow it seems that the 501(c)(6) is more profitable than the 501(c)(3), but I dont understand why.
Profitability might not be the issue, neither are supposed to function solely to make a profit. From the linked blog post, referencing an email, it is stated that its costing more than the revenue can support.
From a general internet search:
c(3)'s can't engage too much (or at all) in legislative stuff but a c(6) can
c(3)'s are supposed to do things to help a group outside of itself while c(6)'s are supposed to exist to support their members
c(6)'s aren't required to report personal information of a person/entity making a donation to the IRS or public