A non-profit organization is an entity that is operated for the benefit of society as a whole rather than for the benefit of an

individual proprietor or a group of partners or shareholders. A non-profit organization strives only to obtain revenue sufficient to
cover its expenses. Thus, the concept of income is not meaningful. Non-profit organizations constitute a significant segment of
our society. Some examples are:
1. Voluntary health and welfare organizations:
2. Schools, colleges and universities
3. Hospitals
4. Cooperatives
5. Labor unions
6. Performing arts organizations
7. Foundations
8. Religious organizations
9. Country Clubs
10. Professional associations