• Pixlbabble@lemmy.worldEnglish
    1·
    1 year ago

    And much like many social sites you are the product while mods do unpaid labor. If it’s volunteer work than why isn’t Reddit a ‘not for profit’ organization?

    • androidbear04@lemmy.worldEnglish
      2·
      1 year ago

      Probably because they don’t meet IRS standards for nonprofit status:

      An organization may qualify for exemption from federal income tax under section 501©(3) if it is organized and operated exclusively for one or more of the following purposes. • Religious. • Charitable. • Scientific. • Testing for public safety. • Literary. • Educational. • Fostering national or international amateur sports competition (but only if none of its activities involve providing athletic facilities or equipment; however, see Amateur Athletic Organizations, later in this chapter). • The prevention of cruelty to children or animals.