The non profit making organization definition explain

Question

Explain the definition non profit making organization 
Surplus 
Deficit 
Additional

expertpromax · Answer

non-profit making organizationa non-profit making organization is a group that operates not to earn profit for owners or shareholders, but to serve a specific social, cultural, educational, or community goal. examples include charities, clubs, foundations, and some educational institutions. any money they make is used to support their mission, not for personal gain.
surplusa surplus happens when a non-profit organization’s income is greater than its expenses. this extra money isn’t taken as profit but is usually saved or reinvested to improve services, expand programs, or support the organization’s future activities.
deficita deficit means the organization has spent more money than it earned. this can be a problem if it continues for a long time, as it may lead to cuts in services, staff, or the eventual closure of the organization unless more funding is found.
additionalthe word additional simply means extra or more than what is already there. for example, an organization may need additional funds, which means it needs more money than it currently has.

Tapela · Answer

1. definition: non-profit making organization
a non-profit making organization is a type of organization that exists not to make profits for owners or shareholders, but to serve a specific cause or provide services for the benefit of the public or its members.
examples include charities, religious groups, community clubs, ngos, and foundations.

any income they earn is reinvested into the organization's goals (e.g. helping the poor, education, health services).

they do not distribute profits as dividends.

2. surplus
a surplus occurs when a non-profit organization's income is greater than its expenses during a certain period.

it's similar to a "profit" in a business, but in non-profits, it’s called a surplus.

the surplus is used to support future activities or improve services, not for personal gain.

example:
if a charity receives donations of p50,000 and spends p40,000, the surplus is p10,000.
3. deficit
a deficit happens when the organization’s expenses are more than its income.

it shows that the organization spent more money than it received.

repeated deficits can threaten the survival of the organization.

example:
if a sports club earns p30,000 from membership fees but spends p35,000 on events and maintenance, it has a deficit of p5,000.
4. additional (income/support)
in this context, additional refers to extra funds or support that may be needed or received by the organization to meet its goals, especially if facing a deficit or expanding services.
this could include:

extra donations

government grants

volunteer support

sponsorships

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The non profit making organization definition explain

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