I actually know what it means, but for example,
Are the United Nations considered to be Non Profit? Or for example an international organization that is funded by a country but which is registered as a charity?
I'm applying for a fellowship in non profir management, but im not sure if i have the correct profile.
2006-12-28 10:41:52 · 8 answers · asked by Anonymous in Education & Reference ➔ Higher Education (University +)
That means they generate no funds on their own. Funds are donated to them
2006-12-28 10:44:35 · answer #1 · answered by Texan 6 · 2⤊ 0⤋
Non-profit simply means that revenue does not exceed expenditures. In the event that it does many NPO's will either place the additional revenue in the hands of executives or into their program. Many NPO's out-perform for-profit businesses and their executives are highly paid. It is an accounting thing, nothing more.
2006-12-28 12:33:40 · answer #2 · answered by mpdcolburn 1 · 0⤊ 0⤋
It means that they have registered and been approved by the federal and state governments as a charity, and are recognized as such. They don't have to pay income tax. They are eligible to apply for grants. They are expected to not have a surplus of money at the end of the year. Blah blah blah.
2016-03-28 22:50:26 · answer #3 · answered by ? 4 · 0⤊ 0⤋
they run like a business, but any profit they make either goes back in to running the business or goes to helping charities or the like.
2006-12-28 10:49:39 · answer #4 · answered by adriantheace 4 · 0⤊ 0⤋
well if i buy some thing say for a £1.00 and sell it to you for a £1.00 then that is non profit cos i made no money on it
2006-12-28 10:46:33 · answer #5 · answered by stargate 2 · 0⤊ 0⤋
non profit organisations are normally charities!!
2006-12-28 10:44:37 · answer #6 · answered by Anonymous · 0⤊ 0⤋
everything goes to those you are helping
2006-12-28 10:44:14 · answer #7 · answered by liviaeve 2 · 0⤊ 1⤋
you do not gain
2006-12-28 10:44:06 · answer #8 · answered by whitecloud 5 · 0⤊ 1⤋