{"id":1877,"date":"2008-12-22T16:35:27","date_gmt":"2008-12-22T23:35:27","guid":{"rendered":"http:\/\/montaraventures.com\/blog\/?p=1877"},"modified":"2008-12-22T16:35:27","modified_gmt":"2008-12-22T23:35:27","slug":"non-profit-free-lunch","status":"publish","type":"post","link":"https:\/\/montaraventures.com\/blog\/2008\/12\/22\/non-profit-free-lunch\/","title":{"rendered":"Non-Profit Free Lunch"},"content":{"rendered":"<div style=\"float: right; margin: 10px;\"><img decoding=\"async\" src=\"https:\/\/montaraventures.com\/blog\/wp-content\/2008\/12\/balancedbudget.jpg\" alt=\"Non-profits should be taxed to pay for the california budget\" \/><\/div>\n<p>Last week I wrote that the <a href=\"https:\/\/montaraventures.com\/blog\/2008\/12\/16\/pass-the-collection-basket-for-california\/\" target=\"_blank\" >free lunch for churches<\/a> ought to be ended. And, I still think that&#8217;s the case. However, after a conversation with a friend last week about this, I think the lens should be broadened to include non-profits generally. Would it surprise you to know that there are 107,620 non-profit organizations registered in California? It was a surprise for me. The total annual revenue for those non-profits $122,064,153,463 through October, 2008 according to the <a href=\"https:\/\/nccsdataweb.urban.org\/\" target=\"_blank\" >The Urban Institute, National Center for Charitable Statistics<\/a>. The total registered assets for these charities is $219,137,897,358 in the same time period.<br \/>\n<br \/>\nNow, delving a little deeper into the data, it turns out that 91,153, or 85% of these charities take in less than $250,000 per year accounting for just 1.5% of total annual revenue. That&#8217;s eye-opening and says to me, that these non-profits should get the tax break and the other 15% who bring in the $120B annually should be paying the 10.3% state income tax as they are not really non-profits, they&#8217;re large scale enterprises working the non-profit angle as a tax shelter. There&#8217;s $12B per year that helps close the gap.<br \/>\n<br \/>\nSo, what do you say Arnie? Let&#8217;s close the loophole on this and get the budget back in shape.<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week I wrote that the free lunch for churches ought to be ended. And, I still think that&#8217;s the case. However, after a conversation with a friend last week about this, I think the lens should be broadened to include non-profits generally. Would it surprise you to know that there are 107,620 non-profit organizations [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[476,484,485,483,482],"_links":{"self":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts\/1877"}],"collection":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/comments?post=1877"}],"version-history":[{"count":4,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts\/1877\/revisions"}],"predecessor-version":[{"id":1882,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/posts\/1877\/revisions\/1882"}],"wp:attachment":[{"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/media?parent=1877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/categories?post=1877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/montaraventures.com\/blog\/wp-json\/wp\/v2\/tags?post=1877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}