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0 pointschoult1y ago0 comments

They're not officially a non-profit, they're a limited company. Obviously they can still operate as such - that's down to the board how they distribute profits via dividends, so they might choose to do so.

A true non-profit company in the UK would be a registered Community Interest Company, or a registered Charity.

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ihid1y ago

Hello. This isn't actually correct. Exercism is a Company Limited by Guarantee. It has no shareholders. It can't pay dividends.

Community Interest Companies do have sharedholders and can pay dividends. CIC's are definitely not charities in the scope of the word that you're using it.

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0 pointschoult1y ago0 comments

A true non-profit company in the UK would be a registered Community Interest Company, or a registered Charity.

0 comments

ihid1y ago

Hello. This isn't actually correct. Exercism is a Company Limited by Guarantee. It has no shareholders. It can't pay dividends.

Community Interest Companies do have sharedholders and can pay dividends. CIC's are definitely not charities in the scope of the word that you're using it.

j / k navigate · click thread line to collapse