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Can a nonprofit corporation make a profit?

April 26, 2017corporation joomla nonprofit profit

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Can a nonprofit corporation make a profit?

5 Answers

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Yes. A nonprofit corporation can take in more money than it spends. It can use the tax free profits for its own operating expenses including salaries. What a nonprofit corporation cannot do is distribute any profits to officers, directors or employees.

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Yes, a nonprofit corporation may generate a profit. Nonprofit does not literally mean that a corporation cannot make a profit. A nonprofit corporation can acquire more income that it spends on its exempt purpose. This profit can be utilized for operating expenses, including salaries. However, a nonprofit corporation may not utilize its income to profit any director or officer.

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A Yes, provided that the reserves are used to further the exempt purposes as stated in the application.

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Yes. A nonprofit corporation can take in more money than it spends. It can use the tax free profits for its own operating expenses including salaries. What a nonprofit corporation cannot do is distribute any profits to officers, directors or employees.

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Yes. A nonprofit corporation can take in more money than it spends. It can use the tax free profits for its own operating expenses including salaries. What a nonprofit corporation cannot do is distribute any profits to officers, directors or employees.