One of the chief advantages of adopting the nonprofit structure is the multiple options it affords for generating revenue because it provides the ability to produce earned income, within the limits, but it makes the social venture eligible to receive philanthropic dollars.

Question

Quizplus · Accepted Answer

The statement is true. Nonprofit organizations can generate revenue through earned income, such as selling products or services, and are also eligible to receive philanthropic donations.

One of the Chief Advantages of Adopting the Nonprofit Structure