Introduction
Nowadays non-profitable organisations are famous because the purpose of most
of them is to help any problem that affects society or the environment by raising
money and giving it to the charity. Even though they don’t keep their profits, they...
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Introduction
Nowadays non-profitable organisations are famous because the purpose of most
of them is to help any problem that affects society or the environment by raising
money and giving it to the charity. Even though they don’t keep their profits, they
act as a normal organisation and they’re really alike with foundations because the
goal of both of them is not to be successful in terms of wealth, but in terms of
giving value to the groups of people they administer to.
Definitions
PROFITABLE ORGANIZATION:
A profitable organization is one that generates more money than it expends. They
use a variety of tactics to make a profit.
When you start a profitable organization, it is for the financial benefit of its owners
and/or shareholders. Profit is the goal. The organization has to pay taxes on that
profit.
NON- PROFITABLE ORGANIZATION
A nonprofit organization has a mission that benefits the "greater good" of the
community, society, or the world. It does not pay taxes, but it also cannot
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