Not for profit organisations

• A not-for-profit organisation aims to do something other than make a profit for the owners
• It needs to make enough money to cover its costs
• Any surplus is reinvested into the business or used in other ways
• One example of a not-for-profit organisation is a charity
• Charities raise money for good causes, help people, animals, and the environment
• Charities are funded mainly by donations
• Charities get some tax relief and are eligible for certain types of grants
• Another type of not-for-profit organisation is a social enterprise
• Social enterprises aim to help society
• Social enterprises make money by selling products or services like a traditional for-profit business
• Social enterprises use their profits to benefit society
• Examples of social enterprises include:

  • The Eden Project
  • The National Trust
  • The Big Issue
  • Divine Chocolate