A charitable organization,such as the Red Cross or Salvation Army,is classified as a for-profit organization.
A charitable organization is not classified as a for-profit organization since it does not seek a profit.Charities are classified as nonprofit organizations.

Question

Quizplus · Accepted Answer

Charitable organizations are classified as nonprofit organizations since their main goal is to provide a service or benefit to a specific group or cause, rather than seeking to generate profits for their owners or shareholders.

A Charitable Organization,such as the Red Cross or Salvation Army,is