As we are all preparing to watch the Biggest sporting event in the USA, we need to remind ourselves that the NFL (National Football League) actually operates as a 501(c)6 non-profit association and has operated that way since the 1960s. Last year alone, the NFL made about $1 billions in profit.
The definition of a 501(c)6 as given by the IRS is as follows:
IRC 501(c)(6) provides for exemption of business leagues, chambers of commerce, real estate boards, boards of trade, and professional football leagues… which are not organized for profit and no part of the net earnings of which inures to the benefit of any private shareholder or individual.