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No. Nonprofit organizations have expenses to pay as well such as rent, salaries, and utilities. The only real difference between a for profit company and a not for profit company, is that unlike a for profit company, if a non-profit makes a "profit" its pays no taxes.
Unlike a for-profit organization, a qualifying non-profit may also be tax-exempt, under rules of the Internal Revenue Code, provided it follows the rules for distributing any profit it makes. If it fails to fully qualify for tax-exemption, the non-profit may owe income taxes on at least some of its income, both at the state and federal levels.
What else can I help you with?
Can a nonprofit give money to a for profit organization?
Can a nonprofit foundation give money to a for profit organization
Is Microsoft a nonprofit organization?
Microsoft is not a non-profit organization.
Is macdonalds a for-profit or Non-Profit or Not-for-profit organization?
McDonald's is a for profit company. It is not a nonprofit or a not for profit, which are synonyms.
Is coka-cola a nonprofit organization?
No, it is a for profit corporation.
What may nonprofit organizations do?
Designation as a nonprofit does not mean that the organization does not intend to make a profit. The nonprofit may also be a trust or association of members.
Would the electric company be a nonprofit or a profit organization?
Electric company is a profit organization now a days the share of electric companies increases very rapidly. Only Cooperative socities are nonprofit organizations.
What are the types of budgets in a not-for-profit organization?
Budget that works for nonprofit organization and it relates to developing programs and what not.
What is a nonprofit organizations purpose?
The purpose of a non profit will be different for every non profit.
How do you use nonprofit in a sentence?
non profit means like its not doing something to make money. like a organization to help africans can be "nonprofit" The commerical said that the organization was a non profit organization and they just wanted to help the sick and needy.
Which is correct Autonomous nonprofit organization or independent nonprofit organization?
It is independent non profit, which means the agency has a governing board and a separate 501 (c) 3.
Is coca cola a profit or nonprofit organization?
The Coca-Cola company would be a for-profit. non-profit organizations are really only for foundations.
Who are the most powful nonprofit in US?
There are a few listed on the site: Non-profit organization
