Sneakylong Start a topic on non profits.š The PGA Tour is registered with the IRS as a business league and operates under a non profit status. Take it up with the IRS. š
I'm fully aware of how the tour is registered ... it is you who appears confused with differences between a 501(c)(6) and a 501(c)(3) ... because you continue to use "charitable" in your mention/discussion of the PGA
Sneakylong they most likely would not be able to remain the non profit / charitable model that they currently operate under.
Sneakylong Yeah, many charities donāt give as much of a dollar donated as youād expect.
Especially when they are NOT charities! One cannot even make a charitable donation to them. There is nothing about their "model" that either prevents making a profit or requires charitable giving. They just enjoy the benefits of tax exempt status like a charity, and they do, on their own, contribute 3% of their revenue toward grants. Now, normally, I would commend a business for this ... if it weren't for them constantly making the tour's "charitable giving" a centerpiece of its golf events, tournament telecasts, and website, and more importantly (in a revealing way), constantly taking credit for contributions raised by local-to-the-event actual charities - as if it were their own. Why do you think they do this? Could it be their own form of "Sports-charity-washing"? To deflect public attention away from the fact that they profit by $1.4 billion annually, while paying their executives over $40 million, and paying zero federal taxes? Could this also be why they spend millions on lobbying too? To protect their golden tax-free goose?
Sneakylong But you get an A for trying to divert the discussion.š
I'll take the "A", I can never have enough ... but no, not a diversion at all. A correction. To both your assertion that their model is "charity" based in any way, and that they should be sympathetically viewed as "Ohhh, the poor PGA ... they can't compete with Saudi money". The more accurate and far less sympathetic depiction, IMO, should be of the schoolyard bully that just got punched in the mouth for the first time.