Reply to post: Re: Now charities are doomed to never turn a profit.

ICANN finally halts $1.1bn sale of .org registry, says it's 'the right thing to do' after months of controversy

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Re: Now charities are doomed to never turn a profit.

Charities do not make a profit, they have a surplus (terminology rather than meaning).

What many of the larger charities do is hoard that surplus. There are supposed to be upper limits but some very well known ones seem to have vast resources that would cover their running costs for a very long time.

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