December 13, 2017treehouseadmin
An organization that offers goods or services to meet certain goals, but not to earn a profit.
Not-for-profit organizations operate with the expectation of earning no profit. Any profit earned by a not-for-profit organization is either channeled back into the organization or is invested into a cause they support. They can offer goods and services for little or no profit. Usually, these organizations use volunteers, not paid employees. Not-for-profit organizations often receive IRS tax exempt status.
Related Blog Article