Are charities always non-profit organizations?
Author: Aine Churches
Website: http://www.AboutCharity.com
Added: Sun, Sep 24, 2006 20:09:22
Category: Charity Questions
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Non-profit organizations are those formed to serve social welfare, civic improvement, or any other purpose except making a profit. Most charities are considered non-profit organizations because they are operating for the aforementioned purposes without generating any revenues from their operation.
Furthermore, according to the U.S. Internal Revenue Service, charities are generally identified as qualified non-profit, entitling them to receive tax-deductible donations. In other words, charities are always considered to be non-profit organizations.
keywords: Charity | Charities | Donations | Volunteer | Non Profit | IRS About the Author:
Aine Churches answers frequently asked charity questions at PrettyGreatAnswers.com.
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