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Characteristics of Not for Profit Organisation:


a.     Formed for providing service to a specific group or public at large.
b.     Organized as charitable trust/society.
c.     Managed by Managing Committee elected by members.
d.     Main Source of Income is:
        Subscriptions, donations, government general grants etc
e.     Funds raised through various sources are credited to capital fund

f.     Government Schools, Charitable hospitals, Recreational Clubs, etc are examples of Not for profit organisation.