Explain three features of Not-for-Profit Organisation.
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The features of the Not-for-Profit Organisation are.
Service- Its objective is to render service to any individual or a group or work for a cause without any expectation of return or profit.
Separate legal entity- The organisation is established as a trust or a charitable society. Therefore, it does not have an individual or group of an individual as an owner but belongs to society. It exists as a separate entity.
Source of Income: The source of income for a non profit organisation are donations, grants by government,memberships etc.