Reviewed by Erika Rasure Fact checked by Vikki Velasquez The defining factor between a nonprofit and for-profit organization boils down to Internal Revenue Code 501(c), which excuses nonprofits from ...

Financial statements are often audited by government ... a for-profit entity's statement of cash flow. Though the accounts listed may vary due to the different nature of a nonprofit organization ...

As COVID-19 roared on in October 2020, Somali community leaders in Columbus, Ohio, formed a small nonprofit organization aimed at assisting their community through the pandemic. Two years later ...