You may not know it, but the national football league is a nonprofit organization it may seem absurd that a collection of teams that generated at least $9 billion in revenue last season would be given tax-exempt status, but the nfl is technically classified as a 501(c)6 organization. The national football league (nfl) is a professional american football league consisting of 32 teams, divided equally between the national football conference (nfc) and the american football conference (afc.
The commissioner made the switch after team owners gave the league’s finance committee and management council the authority to change the tax status at meetings in march according to bloomberg news, goodell’s memorandum said the nfl’s tax-exempt status had “been mischaracterized repeatedly in recent years” the nfl has been a tax-exempt nonprofit since 1942, although all the teams and their owners pay taxes on their considerable incomes.
America's richest sports league has relinquished its non-profit status the nfl announced tuesday that it's voluntarily relinquishing its tax-exempt status here's what you need to know about the move.
Just like major league baseball, which gave up its nonprofit status in recent years, as well as the national basketball association, the nfl should not be able to hide under a nonprofit status in order to avoid paying federal taxes. Claims that the national football league pays no taxes on billions of dollars in profits because they are a nonprofit organization are exaggerated and outdated claim the national football league enjoys tax-exempt status as a nonprofit organization.