Which of the following is true about not-for-profit corporations:
A)formed to serve some public purpose rather than financial gain
B)exempt from paying income taxes if its purpose is religious, educational,
C)those who contribute to not-for-profit corporations can take a tax deduction
D)there are more than 1.5 million not-for-profit organizations in the U.S.

Question

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The Answer of Which of the following is true about not-for-profit corporations:
A)formed to serve some public purpose rather than financial gain
B)exempt from paying income taxes if its purpose is religious, educational,
C)those who contribute to not-for-profit corporations can take a tax deduction
D)there are more than 1.5 million not-for-profit organizations in the U.S.

Which of the Following Is True About Not-For-Profit Corporations