Question

Any one please answer this
a) Define a non- profit making organisation

Answer 1

A non-profit organization (NPO), also known as a non-business entity[1] or non-profit institution,[2] is dedicated to furthering a particular social cause or advocating for a shared point of view. In economic terms, it is an organization that uses its surplus of the revenues to further achieve its ultimate objective, rather than distributing its income to the organization's shareholders, leaders, or members. Non-profits 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.

Answer 2

A non-profit organization (NPO) is one which is not driven by profit but by dedication to a given cause.

Non-profit organizations are often used for trusts, cooperatives, advocacy, charity, environmental and religious groups.


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