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Which of the following is generally considered as a non profit oriented organization?
  • a)
    Audit firm
  • b)
    Corporation
  • c)
    Charitable organization
  • d)
    Insurance companies
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Which of the following is generally considered as a non profit oriente...
Non-Profit Oriented Organization

A non-profit organization (NPO) is an organization that is formed to pursue a specific purpose and does not operate for profit. Instead, any revenue generated is used to further the organization's mission. Non-profit organizations may include charities, religious organizations, and educational institutions. Non-profit organizations are established to serve the public interest, and their resources are used to achieve their goals and objectives.

Charitable Organization

A charitable organization is a specific type of non-profit organization that is formed for the purpose of providing assistance and support to those in need. Charitable organizations typically focus on providing services to disadvantaged individuals, such as the homeless, children, and the elderly. They may also provide support for medical research, education, and other philanthropic causes. Charitable organizations rely on donations from individuals and corporations to support their mission.

Examples of Charitable Organizations

Some examples of charitable organizations include:

- The Red Cross: Provides disaster relief, blood donation services, and other emergency services.
- UNICEF: Provides humanitarian aid and support for children in developing countries.
- The Salvation Army: Provides social services, disaster relief, and support for the homeless population.
- Habitat for Humanity: Builds affordable housing for low-income families.
- Make-A-Wish Foundation: Grants the wishes of children with life-threatening illnesses.
- St. Jude Children's Research Hospital: Provides treatment and research for childhood cancer and other life-threatening diseases.

Conclusion

In conclusion, charitable organizations are a type of non-profit organization that is formed to provide assistance and support to those in need. Charitable organizations rely on donations from individuals and corporations to support their mission. Examples of charitable organizations include The Red Cross, UNICEF, The Salvation Army, Habitat for Humanity, Make-A-Wish Foundation, and St. Jude Children's Research Hospital.
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Community Answer
Which of the following is generally considered as a non profit oriente...
Charitable trust which can run with help donation and subscription as a social welfare
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