state the meaning of not-for-profit organisations?
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Nonprofit organizations, also called not for profit organizations, are privately held entities that don't provide financial benefits for their members or stakeholders. In other words, they are privately incorporated groups with a charitable purpose of not profiting from the activities they carry.
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2
Answer:
Nonprofit organizations, also called not for profit organizations, are privately held entities that don't provide financial benefits for their members or stakeholders. In other words, they are privately incorporated groups with a charitable purpose of not profiting from the activities they carry.
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