Even if not tax exempt, they will be able to operate at virtually break-even every year, if that At least from an income tax standpoint it wouldn't make much difference
A mathematician, a Statistician and an Accountant are in for a job interview
The interviewer calls in the mathematician first, the interview goes well and for the last question the interviewer asks, "What does two plus two equal?"
The mathematician replies, "Four."
The interviewer says great and then calls in the statistician, and after another good interview he asks the same question, "What does two plus two equal?"
The statistician says, "With such a small sample size the answer is four give or take point three percent, but on 9 times out of 10 the answer will be four.”
Satisfied, the interviewer then calls in the accountant and at the end of the interview poses the same question, "What does two plus two equal?"
Very suddenly the accountant gets up, locks the door, closes the shades, disconnects the phone, then approaches the interviewer and asks, "What do you want it to be?"