Is change.org a for-profit enterprise?
The name suggests otherwise. If so, it's not really an investment in the traditional sense where you'd expect a return.
The name suggests otherwise. If so, it's not really an investment in the traditional sense where you'd expect a return.
By their own description, no, though they are identical to one in at least superficial legal form (I don't know if their corporate governing documents do anything to address this.) Note that not-for-profit is not a crisp legal category ("nonprofit" is a term used for specific tax classification which requires a number of other qualifications and accepting a number of behavioral restrictions, including on political activity, on top of being not operated for profit.)
> Change.org, a for-profit petition and fundraising website focused on social and political change.
They are a B-corp for what that's worth.
The linked article provides no basis for this description and, without any cited basis and given change.org's consistent description of not being operated for profit, seems to be making the (fairly common) mistake of confusing the absence of the tax status of "nonprofit" (which requires a lot more than being not-for-profit) with being "for profit". There are quite a number of not-for-profit entities that are not nonprofits.
Do not underestimate the power of someone to make a business selling the feeling that your not part of a business!