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Old 08-23-2007, 05:17 PM   #11
tw
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Join Date: Jan 2001
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Quote:
Originally Posted by xoxoxoBruce View Post
Most non-profits (tax exempt) do no charity work, or so little it doesn't amount to anything. That said, the tax code separates religious organizations into a separate category from charities and non-profits.
I can understand a non-profit organization that, for example, operates as a club. However what is the purpose of defining a non-profit that has no assets and no income? Do its members at least pay dues for the refreshments? Is it only a fixture to legally protect its members from what happens at the party? I don't understand the reason for a non-profit organization that has zero assets.
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