Can a Nonprofit Corporation Make a Profit?
Yes, a Nonprofit Corporation may generate a profit. Non-profit does not literally mean that a Corporation cannot make a profit. A Nonprofit Corporation can acquire more income that it spends on its exempt purpose. This profit can be utilized for operating expenses, including salaries. However, a Nonprofit Corporation may not utilize its income to profit any director or officer.
Related Articles
Other users were also interested in knowing about…
More Answers to Your Questions
How Our Service Works
Take a moment to view our instructional video and see how easy it can be to get your business incorporated.
Helpful Tools for Decision Making
Select your business type to see how Incfile can work for you.
Launch
Your Business with Incfile
No contracts. No surprises.
Only $0 + state fee to launch your business.
Launch Your Business