You’ve most likely heard the terms “charity”, “non-profit”, and even “not-for-profit” used for associations and organizations that support social, environmental, and sometimes, political causes. But all three terms refer to different kinds of entities.
However, the focus of this article is to explain what non-profit associations do, their essential services and how they differ from charities.
What is a Non-Profit Organisation?
A non-profit or not-for-profit organization is a tax-exempt entity that is organized to achieve mutual or public benefits that do not include generating profits for members of the board, owners, or investors.Continue reading