2) Sports club is an example of this type of organization.
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Answer :
Sports Club is an example of Non-Profit Organization
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Non profit association
Sports club is an example Non profit association
A nonprofit organisation (NPO) is one that is not motivated by profit but rather by commitment to a particular cause that receives all funds received over and beyond what is required to maintain the organisation.
NPOs are granted tax-exempt status by the federal government as a result, which exempts them from paying income tax.
Trusts, cooperatives, lobbying, charitable organisations, environmental and religious groups frequently use nonprofit entities. Although not all NPOs use paid workers in management positions, the majority do.
Consequently, a sports club is an illustration of a nonprofit organisation.
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