Any corporation that does not make money is classified as a nonprofit corporation.

Name: Any corporation that does not make money is classified as a nonprofit corporation.
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Question

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A nonprofit corporation is a type of corporation that is organized to achieve a specific purpose, such as charitable, religious, educational or scientific. Nonprofit corporations can make money, but they must use that money to further their goals rather than distribute it as profit to shareholders or owners.

Any Corporation That Does Not Make Money Is Classified as a Nonprofit