ort Answer Questions 1. What is meant by 'Not- for- Profit' Organisations?
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Not-for -Profit Organisations (NPO) refer to the organisations that are used for the welfare of the society and are set up as charitable institutions which function without any profit motive. Their main aim is to provide service to a specific group or the public at large.
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What is a not-for-profit organization? Similar to a nonprofit, a not-for-profit organization (NFPO) is one that does not earn profit for its owners. All money earned through pursuing business activities or through donations goes right back into running the organization.
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