Ummm -
the Department of Education just lost in a Federal appeals court. The DOE was trying to revoke the non-profit status even though it was approved by the IRS and several Arizona government entities.
The ruling states the ED unlawfully applied an incorrect standard. It may not be completely over as the case was remanded back to the ED who will either have to drop the lawsuit or come up with a violation of the law applicable to the argument they are making that the IRS doesn’t have a problem with. Political or in the public interest is the debate for individuals away from impacts to them being a MWC basketball member.
What was left out of most articles is that GCU (which started in 1949) was a for profit institution from 2004 to 2018 after being sold to Grand Canyon Education. The for profit group sold out in 2018 to a nonprofit group. The distinction is how any profits are realized with nonprofit being invested back into the university instead of distributions to investors.
As a comparison to a lesser known

nonprofit - Arizona State - GCU costs less to attend and doesn’t live off the government teat.
Enough of the non sports portion. I have been to a basketball game at GCU when the Pokes played there and the atmosphere reminded me of games like the NIT versus Clemson and the MWC title versus Utah at the AA. GCU will very likely bring more to hoops than AFA ever has in a similar sized arena. I have watched GCU hoops on TV and the students are on the scale of being like the Duke crazies. I miss that so much in Laramie where between the losing and years of the athletic department “cracking down” the students at UW have let basketball slip into an afterthought by comparison to how it was from the Brandenburg era until Schroyer ruined Wyoming basketball where it has never really recovered to its former glory.