> Nonprofit status makes it much harder to extract large profits. A charity founder can pay himself a million-dollar salary, but he can't sell his shares in the nonprofit and become a billionaire.

What difference does it make for a non-public company? They can pay themselves more salary either way. The shares aren't really valuable until then.

As to a charity - if you really believe so. It doesn't even enter the books. Have you not seen an in-person donation site? Someone gives $100, the staff keeps the $100, takes out $50, records $50 and puts that in the donation box. After a few more layers the actual donation could be just $1. I've seen these at your regular big name charities - all the time.

And let's not get started on the sponsor a child that doesn't exist options...