Which of the following is NOT true about a not-for-profit organization?
A) The mission statement of a not-for-profit organization would emphasize the service it provides.
B) It is always seeking funding.
C) Its sources of funding are typically taxes and fees.
D) It must control its costs so that it does not exceed its funding.
E) It competes with other not-for-profit organizations for funding from the same sources.

Question

Quizplus · Accepted Answer

Although taxes and fees may be one source of funding for a not-for-profit organization, it is not the only source. Other sources include donations, grants, and fundraising events.

Which of the Following Is NOT True About a Not-For-Profit