A charitable organization is a type of non-profit organization (NPO). It differs from other types of NPOs in that it centers on non-profit and philanthropic goals as well as social well-being (e.g. charitable, educational, religious, or other activities serving the public interest or common good).
The legal definition of charitable organization (and of Charity) varies according to the country and in some instances the region of the country in which the charitable organization operates. The regulation, tax treatment, and the way in which charity law affects charitable organizations also varies.
Financial figures (e.g., tax refund, revenue from fundraising, revenue from sale of goods and services or revenue from investment) are important indicators to assess the financial sustainability of a charity. This kind of information directly impacts the charity because donors often look at both the objective and financial indicators in order to decide whether to donate to a non-profit organization. Thus, to fulfil commitments toward the society might help the charity receive a better reputation as well as a higher standing in the community. The fact that the charity becomes more attractive would bring it more financial gains.
Read more about Charitable Organization: Canada, United Kingdom, United States
Famous quotes containing the words charitable and/or organization:
“She was so charitable and so pitous
She wolde wepe, if that she saugh a mous
Kaught in a trappe, if it were deed or bledde.”
—Geoffrey Chaucer (1340?–1400)
“I will never accept that I got a free ride. It wasn’t free at all. My ancestors were brought here against their will. They were made to work and help build the country. I worked in the cotton fields from the age of seven. I worked in the laundry for twenty- three years. I worked for the national organization for nine years. I just retired from city government after twelve-and-a- half years.”
—Johnnie Tillmon (b. 1926)