state the meaning of Not-for-profit organisation
Answers
Food is what people and animals eat to live. Food usually comes from animals and plants. It is eaten by living things to provide energy and nutrition. Food contains the nutrition that people and animals need to be healthy.
Answer:
The Not-for-Profit Organisations raise funds from its members as well as from the general public for meeting their objectives. The main motive of these organisations is to provide service. However, they may earn profits in the due course.
Explanation:
Not-for-profit organizations are types of organizations that do not earn profits for its owners. ... In a nonprofit organization, income is not distributed to the group's members, directors, or officers. There are also nonprofit corporations known as non-stock corporations.