a. Formed for providing service
to a specific group or public at large.
b. Organized as charitable
trust/society.
c. Managed by Managing Committee
elected by members.
d. Main Source of Income is:
Subscriptions, donations, government general grants etc
e. Funds raised through various
sources are credited to capital fund
f. Government Schools,
Charitable hospitals, Recreational Clubs, etc are examples of Not for profit
organisation.