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Understanding How a Nonprofit Works

Learning Objectives

  • Be aware of the technical definition of a nonprofit organization.
  • Recognize the unique characteristics of the nonprofit organization.
  • Appreciate the impact that the nonprofit industry has on the U.S. economy.
  • Have become familiar with the diversity of entities comprising the nonprofit world.
  • Know the difference between a nonprofit and a tax-exempt.
  • Understand the differences between a nonprofit and its for-profit counterpart.