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Comment by EduardoBautista | Hacker News Reader

Well, exercism is a "not-for-profit organisation registered in the UK" according to the footer of their website.

Edit: It appears that their "not-for-profit" message in their footer is a bit misleading, as explained by those who replied to my comment.

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OpenAI is a 501c nonprofit. Doesn’t stop Sam taking big time meetings more often than he checks his email.

Part of OpenAI is a nonprofit, not in its entirety.

Matt Levine uses a diagram to allude to the complexity. And that was before Larry Summers and the National Security Administration got involved.

A better term for OpenAI would be “rogue state”.

https://www.bloomberg.com/opinion/articles/2023-11-20/who-co...

I've replied to this further down. Exercism is a nonprofit - we have no shareholders. We've had many large organisations donate to us (including Mozilla and Google) who have vetted all this.

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.

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.

They've not set up the structures for it to be not-for-profit here, they're just an ordinary registered company.

Typically you'd form a Charitable Trust or Charitable Incorporated Organisation, and Exercism isn't listed as either on the Charity Comission website.

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