Question

1. What is a Not-for-Profit Organisation?​

Answer 1

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A nonprofit organization is a business granted tax-exempt status by the Internal Revenue Service. Nonprofits pay no income tax on the donations they receive or on any money they earn through fundraising activities.

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Answer 2

Answer:

nonprofit organization (NPO), also known as a non-business entity,[1] not-for-profit organization,[2] or nonprofit institution,[3] is an organization traditionally dedicated to furthering a particular social cause or advocating a shared point of view. In economic terms, it is an organization using the surplus of its revenues to further its objective, rather than distributing its income to the organization's shareholders, leaders, or members. Being public extensions of a nation's revenue department, nonprofits are tax-exempt or charitable, meaning they do not pay income tax on the money that they receive for their organization. They can operate in religious, scientific, research, or educational settings.