The IRS and NHRA, you gotta see this.

[Julie Jordan]

Originally Posted by Greg Hill

. Does anyone on this site think NHRA doesn't operate like a for profit business?

I guess I don't understand this question. What is wrong about operating like a "for profit" business? The goal of any business or organization is to generate profits in order to continue in business and/or buy capital assets needed in the operation of a business.

The term "non profit" does not mean the organization is not allowed to make a profit. It is a generic term that has developed over the years for a tax-exempt organization. If NHRA, or any other tax-exempt organization, doesn't make profits on a consistent basis, they would no longer exist. They rarely have the ability to borrow funds and can't generate money from stock offerings, they can only exist and grow if they are making money.