2 chapters across the catalog
The hosts explain the mechanics of "fiscal sponsorship," where a large non-profit like Thousand Currents handles the back-office operations for smaller groups like Black Lives Matter. They discuss the use of IRS Form 990 to track executive salaries and expenses, noting that the system allows for significant financial opacity.
Adam Curry analyzes the "non-profit industrial complex," noting that organizations often treat the poor as "clients" to justify budget increases and institutional growth. He compares this to the pharmaceutical industry's preference for long-term treatment over cures. The hosts argue that this model prevents upward mobility for black communities because it would "shrink the business" of groups like the NAACP.
