The Not-for-profit organisations is that organisation which did not do their work for earning profit rather than its main objective is to do work to achieve a specific goal for the welfare of society or its members. This is also known as non-profit organisations.
The type of organisation run its operation mainly on the donations, entrance fee, subscription fee or membership fee.
Examples: –
- Charitable Hospital
- Charitable School, College or Educational Institutions
- Particulars Club of any Society, Colony or city
- Gurudwaras, Temple, Church and Masjids
Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
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