Question

A charitable organization or charity is a non-profit organization (NPO) whose primary objectives are philanthropy and social well-being.

• A. True
• B. False

Answer 1

The correct option is A True

A charitable organization or charity is a non-profit organization (NPO) whose primary objectives are philanthropy and social well-being- this s a true statement. Motive of not-for profit organization is service and that of profit organization is profit. Source of income for non-profit organization is in the form of donation, subscription and membership fee.