What makes nonprofit business nonprofit?
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whats the difference between a nonprofit and a profitable business? churches make money and the pastor makes quite a lot of money "at least at the church i go to the pastor dose" i ...show more
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Answer:
According to http://en.wikipedia.org/wiki/Non-profit_organization "A non-profit organization (abbreviated "NPO", also "not-for-profit") is a legally constituted organization whose objective is to support or engage in activities of public or private interest without any commercial or monetary profit". A profitable business , on the other hand, engages in business with commercial motive or monetary profit. The basic concept is different but the working pattern is similar to both.
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Other answers
The IRS.
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