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Nonprofit means no shareholders getting profits.
CEOs for nonprofits usually make a lot of money, like the Susan G Kommen grift.
They spend most of the money paying the higher ups, and the rest on big events. Almost nothing is actually used to develop a cure or even help cancer suffers.
It's a giant grift
I am on the inside and this guy ^ is right.
Go on…
I’m not gonna say too much, but I’m a high level admin for one of the orgs on the chart in this article. The waste and abuse is fucking astounding. People getting paid hundreds of thousands to do fuck all. Parties and shit. Giving out fucking Apple AirPods.
AirPods you say? Go on….
Nah bruh. I don’t want to risk identifying myself.
This is the best summary I could come up with:
Nonprofit hospitals are under increasing scrutiny for skimping on charity care, relentlessly pursuing payments from low-income patients, and paying executives massive multi-million-dollar salaries—all while earning tax breaks totaling billions.
Nurses at one of the chain's locations, Robert Wood Johnson University Hospital, are on strike, saying that the facility has become a dangerous place to work due to inadequate staffing levels.
A HELP committee staff report released earlier this month examined the financial data on 16 of the country's largest nonprofit, tax-exempt hospital systems.
By far, the biggest earner was the CEO of CommonSpirit Health, a massive Catholic nonprofit system that runs 139 hospitals in 21 states.
That works out to an average of $9.4 million per hospital—and accounts for 44 percent of nonprofit hospitals’ collective net income (revenue minus expenses) for that year.
"The disparities between the paltry amounts these hospitals are spending on charity care and their massive revenues and excessive executive compensation demonstrates that they are failing to live up to their end of the non-profit bargain," the report reads.
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