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Dec 7, 2023 · Not for profit refers to a type of organization or enterprise that does not earn profits for its owners.
- Will Kenton
- 58 sec
May 27, 2024 · Not-for-profit and nonprofit are often used interchangeably, as both terms generally refer to exempt organizations that do not distribute profits to owners and have...
Feb 6, 2023 · 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.
A not-for-profit or non-for-profit organization (NFPO) is a legal entity that does not distribute surplus funds to its members and is formed to fulfill specific objectives. An NFPO does not earn profit for its owners, as any revenue generated by its activities must be put back into the organization.
Meaning of not-for-profit in English. not-for-profit. adjective, noun [ C ] uk / ˌnɒt.fəˈprɒf.ɪt / us / ˌnɑːt.fɚˈprɑː.fɪt / Add to word list. → non-profit : There has been a large increase in the number of organizations in the not-for-profit sector. They concluded that the not-for-profits are basically managed well.
A nonprofit organization ( NPO ), also known as a nonbusiness entity [1] or nonprofit institution, [2] and often referred to simply as a nonprofit (thus the word becoming a noun), is a legal entity organized and operated for a collective, public or social benefit, as opposed to an entity that operates as a business aiming to generate a profit fo...
A not-for-profit organization is a type of organization that uses its revenues and donations to pursue a specific social cause. Unlike for-profit organizations, the revenues generated by a not-for-profit organization are not distributed to the members. Not-for-profit organizations are tax-exempt.
