Because those things are related. If you don’t spend all your revenue, you end up accumulating wealth - that’s profit. Which is directly in contradiction of being a nonprofit entity.
The wealth a church has can be derived from gifts which aren’t revenue and aren’t profits. For example when my local bishop died he gave the diocese his collection of first edition theological texts. Those books have value and this are wealth but zero profit is gained by having them because they aren’t being sold.
At no point was I “incorrectly pedantic” you seem to just not know the difference between wealth and profits which is odd considering the claims you have made about your academic background.
You’re reading way too much into the order I phrased something in, all in an attempt to distract from you being wrong. You keep going further and further off track to distract people. It’s not working. Stop it.
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Their spending not their wealth yet you brought up wealth not spending.
Because those things are related. If you don’t spend all your revenue, you end up accumulating wealth - that’s profit. Which is directly in contradiction of being a nonprofit entity.
Profit is the revenue you have left after your expenses. Profits can become wealth but wealth is not profits.
If you can’t understand the above you should be asking questions more than making definitive statements.
The fact that you think this contradicts what I said really speaks to your reading ability.
Is the same as what I said
Now go be incorrectly pedantic somewhere else.
The wealth a church has can be derived from gifts which aren’t revenue and aren’t profits. For example when my local bishop died he gave the diocese his collection of first edition theological texts. Those books have value and this are wealth but zero profit is gained by having them because they aren’t being sold.
At no point was I “incorrectly pedantic” you seem to just not know the difference between wealth and profits which is odd considering the claims you have made about your academic background.
You’re reading way too much into the order I phrased something in, all in an attempt to distract from you being wrong. You keep going further and further off track to distract people. It’s not working. Stop it.
I would argue the same to you so perhaps we should stop here.