One of my buddies is doing a non-profit coaching thing in our sport. I was just curious how it works for being able to sustain yourself and live if your not supposed to profit?
Edit: thanks for the replies! I got it now!
In: Economics
They operate in much the same way as a standard for-profit corporation, the only difference being that they either don’t make a profit, or donate all profits made to charity or something else. Money used to pay employees, pay bills doesn’t come from profit; profit is simply what is left over after everything else has been paid for.
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