Is China Welfare Love Alliance legal?

It can only be said that it is not illegal, but national laws will not support it aboveboard. This is like a mutual aid alliance such as 3m, because there is no actual economic creation for the country, but funds flow with each other, but some people do make money in this alliance, so it is impossible to ban it. I'm not a lawyer, and I don't study law, but there is a saying that I don't blame the public. Send you