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The only difference between the private and the nonprofit sector, where you find the government and private nonprofit entities, is that you do not have an equity section. A government does not have shareholders in the private sense. It is owned by its citizens as a commonwealth.
A private nonprofit does not have shareholders either because there is nothing to share. They receive donations, not revenues. However, they can run a small, revenue earning business. That would have to be accounted for separately from the actual operation of the nonprofit because running a store is not a charitable activity even when the merchandise is sold at cost.
An nonprofit organization can have different operations. It can allocate a budget to each and then incur expenses. When it eliminates any operation, it then has a discontinued operation. After all, you either list it as part of operations, or as discontinued this year and not at all in the next. Either way, an entity has to account for changes in operations. I already mentioned the store above. That is an operation. For a nonpublic entity, there is a limit to how much revenue it can generate. Above that amount, it may have to be spun off because it erodes the tax exempt status of the nonpublic, i.e. private nonprofit.
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