Can a non profit profit in revenue?
There’s a BIG myth that states, “nonprofit organizations cannot profit, and the services and products of a nonprofit organization are supposed to be free or underpriced.” Lets clarify the facts. There are several multi-million dollar nonprofit organizations that profit greatly, and can be beneficial to the organization accomplishment of its mission. Cash flow keeps an organization alive, whether it’s a for-profit or nonprofit. The non profit organization must be sure to use its profits for the organizational expenses such as operation cost etc… However the organization cannot use the extra money to benefit the officers, directors or employees of the organization.
This entry was posted on Wednesday, March 27th, 2013 at 6:50 pm
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