GK
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Nonprofits are allowed to make a profit, but they must be funneled back into the organization’s activities. Making money gets two big thumbs up from David! Because nonprofits are formed to serve a government-approved purpose, they are accorded a special tax-exempt status.
Detailed explanation-2: -It is a type of organization which does not gain profits for its owners, instead all the amount of money they earn as donation is utilized in pursuing objectives of it and in keeping it running.
Detailed explanation-3: -10 Most Profitable Non-Profits. The top 10 most profitable non-profit organizations spend money in efficient and effective ways. GOODWILL INDUSTRIES. IRS Ruling Year: 1939. CATHOLIC CHARITIES. IRS Ruling Year: 1946. THE NATURE CONSERVANCY. BOY SCOUTS OF AMERICA. CYSTIC FIBROSIS FOUNDATION. SMITHSONIAN INSTITUTION. ALSAC – ST. More items