________ corporations are private corporations that are formed for charitable,educational,religious,or scientific purposes.

Question

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Nonprofit corporations are formed for purposes such as charity, education, religion, science, or other endeavors that benefit society. They are exempt from paying taxes on income generated from their nonprofit activities, and any profits earned must be reinvested back into the organization's mission.

________ Corporations Are Private Corporations That Are Formed for Charitable,educational,religious,or