what is the goal of a nonprofit organization? multiple choice question. to make a contribution to the welfare of society to make a profit so as to start new businesses to make money for the people who start them to provide a lot of jobs and improve the econom

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26-10-2022
Business

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what is the goal of a nonprofit organization? multiple choice question. to make a contribution to the welfare of society to make a profit so as to start new businesses to make money for the people who start them to provide a lot of jobs and improve the econom

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ANKITANAND ANKITANAND · Answer 1 · 2022-10-30T07:43:04-04:00

The goal of a nonprofit organization is to make a contribution to the welfare of society.

What is nonprofit organization?
A nonprofit organisation (NPO) or non-profit organisation is a legal entity organised and operated for a collective, public, or social benefit as opposed to an entity that operates as a business with the goal of making a profit for its owners. It is also referred to as a non-business tell the reader] not-for-profit organization, or nonprofit institution,. The non-distribution constraint applies to nonprofits, which means that any surplus funds must be used to further their mission rather than being distributed to other parties. Many organisations, including some political ones, educational institutions, professional associations, religious institutions, social clubs, as well as consumer cooperatives, are nonprofit. Government approval is required for nonprofit organisations to be tax-exempt, though some may also be eligible for tax-deductible donations. However, an organisation can incorporate as a nonprofit organisation even if it does not have tax-exempt status.

Therefore, the correct option is A
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