Question

Q. 1. What is meant by not-for-profit orgainsa-
tion ? Write four items relating to not-for-profit
organisation.
(B.S.E.B., 2017)​

Answer 1

hii mate

A 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.