The purposes of non-profit organizations are various. However, every one of them has similar purpose, which is to raise money in order to further their mission in improving quality life. They do not raise money to benefits the donors, http://126.96.36.199/, founders, or board members. The purposes of non-profit organizations or NPOs include managing association of business, feeding the homeless, as well as preaching the gospel. So far, there are dozens types of tax-exempt non-profits on the IRS list.
For your information, non-profits are exempt from some taxes. If an organization has to pay for tax, it will cost some disadvantages such as reducing the amount of income which can be originally used for providing donation or help for those in need. However, it is important that not all non-pr ofit organizations are exempted from tax. In order to be exempted from tax, NPOs should meet certain standards of the IRS.
When it comes to giving donation, sometimes it is easy to interchange non-profits with charity. However, both are quite different. Charity means giving a materialistic donation in order to lessen the suffering caused by social or economic problems. Meanwhile, non-profit organizations provide not only money but also contribution in another form such as service or program.
Types of non-profit organizations
There are various types of non-profit organization in the world. Each of them aims different goal and purpose. However, all of them has goal to benefit the general public. When it comes to methods they use to contribute, the goals they want to achieve, or the issues they’d like to address, they are diverse for each non-profit organization. For example, there some NPOs have purpose to fight against human trafficking, some of them have purpose to raise money so they can provide scholarship to unfortunate children, or some of them have purpose to advocate people who are suffered from mental illness.
There are also non-profit organizations which revolves around arts and cultures. The public benefits resulted by this type of organizations are varied. They can be in a form of entertainment they created, museum restaurants, orchestras, gift shops, etc.
You see, there are also religious and faith organizations which are still considered as non-profit. They may have different methods to sue and issues to address. However, most of their purpose usually revolves around their faith. The acts of religious organizations are diverse as well. It can be holding religious ceremonies, giving financial supports, counselling, etc.